Balance sheets allow the user to get an at-a-glance view of the assets and liabilities of the company. In this example, Apple’s total assets of $323.8 billion is segregated towards the top of the report. This asset section is broken into current assets and non-current assets, and each of these categories is broken into more… Continue reading Balance Sheet examples

During the process, they’ll also learn more about your unique situation so retained earnings balance sheet they can make sure your taxes are 100% correct before filing. We’ll let you know what to expect and how to prepare in the unlikely event you receive an audit letter from the IRS. Contact your state tax authority… Continue reading Создание учетной записи Online Services

This system ensures every debit has an equal and opposite credit, keeping your books in perfect balance throughout the accounting cycle. You invested $15,000 of your personal money to start your catering business. When you deposit $15,000 into your checking account, your cash increases by $15,000, and your equity increases by $15,000. For example, an… Continue reading What Is Double Entry Accounting? Meaning, Types And Examples