How to create a balance sheet.
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Answer:
How to Prepare a Basic Balance Sheet
1. Determine the Reporting Date and Period. ...
2. Identify Your Assets. ...
3. Identify Your Liabilities. ...
4. Calculate Shareholders' Equity. ...
5. Add Total Liabilities to Total Shareholders' Equity and Compare to Assets.
Answered by
1
Explanation:
How to Prepare a Basic Balance Sheet
Determine the Reporting Date and Period.
Identify Your Assets.
Identify Your Liabilities.
Calculate Shareholders' Equity.
Add Total Liabilities to Total Shareholders' Equity and Compare to Assets.
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