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Mình không phải dân kế toán nên thuật ngữ chuyên ngành không biết mấy.
Pls help mình fill the gap nhé! Thanks!!!!
A balance sheet is not like a Profit and Loss account, which is a record of the (1).... transacted in a year and the profits( or losses) produced as a result. A balance sheet can be thought of a photograph, a moment in time ( usually the last day of the company’s financial year) which shows exactly what the business owns. These may be buildings, cash, stocks or debt,i.e.amounts of money (2)... tothe business by customers.
For every (3)....., there are two entries in the ledgers. In one ledger, it is shown on the credit side, and the other, as a (4)... Each ledger records transaction of a partieular type. By adding the transactions for a period of time, you find the amount needed to balance the account. All the balances from the different(5).... are added together in the trial balance. If everything has been entered correctly, their total must balance-that is, they must be equal. The bookkeeper then can go on to prepare the profit and loss account and finally the balance sheet.
A balance sheet may change from one year to the next if, for example, acompany sells one of its factories, if it (6)... more money from its shareholders, if it repays some debt to the bank, or if it builds its inventory of(7)... goods
But whatever happens to the composition of the assets of the business, any overall change in asset(8)... is reflected in the balance sheet. Althought the principle of a balance sheet is to have assets on one side and (9).... on the other, the fact is that-especially fr public companist-shareholders want to be able to see what their stake in the company is worht.
A balance sheet thus shows the state of the business on the date it was drawn up. You can see at a glance the (10)..... and uses of funds.
Pls help mình fill the gap nhé! Thanks!!!!
A balance sheet is not like a Profit and Loss account, which is a record of the (1).... transacted in a year and the profits( or losses) produced as a result. A balance sheet can be thought of a photograph, a moment in time ( usually the last day of the company’s financial year) which shows exactly what the business owns. These may be buildings, cash, stocks or debt,i.e.amounts of money (2)... tothe business by customers.
For every (3)....., there are two entries in the ledgers. In one ledger, it is shown on the credit side, and the other, as a (4)... Each ledger records transaction of a partieular type. By adding the transactions for a period of time, you find the amount needed to balance the account. All the balances from the different(5).... are added together in the trial balance. If everything has been entered correctly, their total must balance-that is, they must be equal. The bookkeeper then can go on to prepare the profit and loss account and finally the balance sheet.
A balance sheet may change from one year to the next if, for example, acompany sells one of its factories, if it (6)... more money from its shareholders, if it repays some debt to the bank, or if it builds its inventory of(7)... goods
But whatever happens to the composition of the assets of the business, any overall change in asset(8)... is reflected in the balance sheet. Althought the principle of a balance sheet is to have assets on one side and (9).... on the other, the fact is that-especially fr public companist-shareholders want to be able to see what their stake in the company is worht.
A balance sheet thus shows the state of the business on the date it was drawn up. You can see at a glance the (10)..... and uses of funds.
