Balance sheet example: Presents the assets, liabilities, and equity of a company at a given point in time
- Balance sheet format similar to the accounting equation: Assets = Liabilities + Equity
- Assets are presented in order of liquidity and display current and long-term classification
- Liabilities are presented in the order of date due
Accounting Flashcards
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Learn financial accounting using beautifully illustrated flashcards, coordinated lessons, and rich audio. Whether you are an aspiring CPA or IFRS expert, use this accountancy app to reach your goals. Even an aspiring chartered accountant or those reaching for the CPA Australia can benefit. Topics of accounting standards, equation, terms, ratios, and more are covered.
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