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THE BALANCE SHEET
The Balance Sheet is a measure of the solvency of the business, and the degree of the owner’s investment which, in the
last analysis, is the “cushion” that protects creditors. Illustrated below is a typical balance sheet format (applicable to any type
of business).
Name of Company
Address
To
Balance Sheet As Of
20
CURRENT ASSETS:
LONG-TERM ASSETS:
CURRENT LIABILITIES:
LONG-TERM LIABILITIES:
NOTE:
In order to complete the Balance Sheet properly, Total Assets must equal Total Liabilities plus Net Worth.
• Cash on Hand and in Banks ........................... $
• Accounts Receivable .......................................
• Notes Receivable, Trade ..................................
• Notes Receivable, Other ..................................
• Inventory ........................................................
• Marketable Securities .....................................
• Other Current Assets ......................................
Total Current Assets:
$
• Real Estate......................................................
• Machinery & Equipment .................................
• Other Assets (attach list if needed) .................
• Deferred, Prepaid, Intangible Expenses...........
Total Long-Term Assets:
$
Total Assets:
$
• Notes Payable, Banks...................................... $
• Notes Payable, Other.......................................
• Accounts Payable, Current .............................
• Accounts Payable, Past Due ............................
• Accrued Federal, State Income Taxes ..............
• Other Accrued Expenses .................................
• Current Portion Long-Term Debt ....................
• Other Current Liabilities .................................
Total Current Liabilities:
$
• Mortgage Debt due after 1 year ....................... $
• Equipment Debt due after 1 year ....................
• Other Long-Term Debt ....................................
Total Long-Term Liabilities:
$
• Capital Account (Corporate Only)....................
• Preferred Stock................................................
• Common Stock ................................................
• Capital Surplus...............................................
• Retained Earnings ..........................................
Total Net Worth:
$
Total Liabilities and Net Worth:
$