Balance Sheet Assignment Help

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balance sheet helpWe all know that the business world today is in a very precarious position. On the news alone, we hear of people finding themselves unemployed and scrambling for any kind of opportunity that presents itself. More often than not, even these jobs don’t prove to be much of help as they too are dwindling. Yep, it’s apparent that just managing to secure a steady income can be quite a hassle these days. This is not at all helped by the steady rise of prices of products, especially the essential ones. That’s why there’s so much trouble regarding the economy and the large number of people trying to mitigate its effects make things even more difficult. For more ordinary people, something like a balance sheet can be of tremendous help.

Anyway, we’re offering some balance sheet assignment help here so you can make things easier in your financial matters. We have also created a great Economic Bubbles in History Infographic, to help you figure out the differences, between each famous Stock Market Speculation.

Here’s a brief rundown on economic issues of the balance sheet and how it affects everyone.

  • Supply: Somewhere in the world, there will be plenty of something. In fact, there just might be too much of that something as it is. This can range from anything like cabbages to toothpaste. But whatever it is, there’s a lot of it and the people who have it have a chance to make the best of things by selling their goods elsewhere.
  • Demand: Somewhere in the world, people will want something. Usually, what they want is in relatively short supply compared to the place that has a lot of it. For instance, they might not have enough cabbages for making a stew and need to buy their cabbages from somewhere else.
  • Transport: In order for two parties from different places to benefit from their deal, they will need to find a way to bring their goods from one place to another. Think about the fact that in order for goods to be of any use to anyone, they must be first delivered in relatively good condition to their destination.

accounting and audit jokeMaking Your Balance Sheet

Okay, now that you know the basics to balance sheet assignment help, it’s time to show how you put it all together:

  • First, plan ahead. Just what kind of business do you have in mind? What kind of product or merchandise does it involve? Be sure to know just what you’re working with before you go with it.
  • Second, plan your budget. If you already have some idea of how much money you will have to spend, it may be a good idea to make your budget just a little bit bigger just in case.
  • Now that you have your budget planned, look for what you need to buy. Approach and ask as many establishments as possible. Compare the quality and price of a given product so you can conclude whether or not it’s the ideal choice for your enterprise.

Remember to get balance sheet help as well as financial accounting help or accounting assignment help if it seems a little too much for you.

Purpose of a balance sheet template

The balance sheet is a very important financial statement that provides a summary of a company’s assets (what it owns) and liabilities (what it owes). It is used to help assess the financial strength of a company. Distribution of a company’s resources can be seen on the balance sheet and comparing the information with similar companies can provide some idea of how a company is performing in relation to others in the industry. The balance sheet provides a company’s net worth at a specific point in time. Net worth is calculated by subtracting the total amount of liabilities from the total amount of assets. A balance sheet template can be used for making your own balance sheet.

Elements of a balance sheet

A balance sheet has two main sections:

  1. Assets
  • Current assets – Current assets may include cash (cash, balances in checking and savings accounts), accounts receivable, inventory and prepaid expenses such as insurance or rent.
  • Fixed assets – These assets include long-term investments, property and equipment (land, buildings, equipment, tools, etc.) offset by accumulated depreciation and intangible assets (contracts, copyrights, patents, trademarks, and goodwill).
  • Other assets – Assets such as deferred income tax deductions
  1. Liabilities
  • Current liabilities – Obligations to be paid within one year, including accounts payable, short-term loans, income taxes payable, wages, and the current portion of long-term debt.
  • Long-term liabilities – Includes long-term debt such as loans and mortgages, capital lease obligations, and deferred income tax.

The net worth or owners equity is the total liabilities subtracted from the total assets (Net worth = Total assets – Total liabilities). A sample balance sheet is shown here:

ASSETS

Current Assets

Cash 10,000.00

Accounts receivable 20,000.00

Inventory 100,000.00

Total Current Assets 130,000.00

Non-Current Assets

Plant and equipment 60,000.00

Business premises 700,000.00

Vehicles 50,000.00

Total Non-Current Assets 810,000.00

TOTAL ASSETS 940,000.00

Current Liabilities

Accounts payable 20,000.00

Bank overdraft 5,000.00

Credit card debt 5,000.00

Tax liability 25,000.00

Total Current Liabilities 55,000.00

Non-Current Liabilities

Long term business loan 1 250,000.00

Long term business loan 2 100,000.00

Total Non-Current Liabilities 350,000.00

TOTAL LIABILITIES 405,000.00

NET ASSETS 535,000.00

OWNERS EQUITY 535,000.00

You can use the above as a balance sheet template. If you aren’t sure how to make your own balance sheet or need help with financial analysis ratios, one option is to contact our service for help.

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