Cheat Sheet - Success Formula
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1
2
3Basic Structure of the Balance Sheet
Assets
Liabilities
Current liabilities (less than a year)
7. Payable (accounts, notes, other)
8. Short-term debt
Current assets (less than a year)
9. Unearned revenue
1. Cash and cash equivalents
Other
2. Receivables (accounts, notes, other)
3. Inventory
Long term liabilities (equal or more than 1
4. Prepaid expenses
year)
Other
10. Long term debt
Other
Stockholders’ Equity
Long term assets (equal or more than 1 year)
5. Net Property, Plant and Equipment (PPE)*
6. Net intangibles*
11. Share capital
Other
12. Retained earnings*
“Other” is indicated to show it is not the FULL balance sheet. However it is sufficient for Accounting 102.
The
numbers are used
for defining the term on the next page; The * means “hidden” accounts are hidden inside;
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