Wirtschaft & Handel

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The balance sheet
Die Bilanz

What appears on a balance sheet?

Balance sheets generally have three parts, one detailing assets, one listing liabilities and the one showing net worth (also known as capital or equity), defined as the difference between the assets and the liabilities. These figures have to balance, ie:

assets - liabilities = net worth

liabilities = assets - net worth

assets = liabilities + net worth

Assets

There are two main categories: tangible and intangible assets, and include anything of value that a company owns, eg:

1. cash
2. inventory
3. accounts receivable (money owed by clients/customers)
4. stocks and shares
5. real estate
6. livestock
7. prepaid expenses
8. patents
9. goodwill

Liabilities

These are a company's financial obligations, including debts, accounts payable (outstanding invoices) and money set aside for tax payments or court decisions.

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sample balance sheet US
sample balance sheet UK