* robots
Subject: Accounting and Finance
Title : The Balance Sheet
What does the company own?
The balance sheet answer the question: what does the company own?
We all keep a balance sheet of our own assets in our heads, and sometimes on paper too. The balance sheet of a company is just a more formal statement of the procedures we go through. We ask ourselves such questions as: what do I own? Do I have any immediate payments to make? By what date must I pay off the loan for the car?
Does anybody owe me money, and if so, when am I likely to get it?
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