STRUCTURE OF A BALANCE SHEET

 

A balance sheet has specific parts and is organized around a basic accounting equation.  This exercise will reinforce your understanding of its parts and how it is organized.  

 

            Instructions:

                       1)    Print out this sheet

                       2)    Fill in the name of each category of asset & liability

                       3)    Give a short definition of each category

                       4)    Provide a short list of examples

                       5)    Complete the equation on the bottom

 

 

BALANCE    SHEET

 

 

 

  Work to be Submitted

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