@ 2012, cengage learning accounting for merchandising businesses lo 2b - preparing a balance sheet...
TRANSCRIPT
@ 2012, Cengage Learning
Accounting for Merchandising Businesses
LO 2b - Preparing a Balance Sheet for a Merchandising Business
Balance Sheet
The form of balance sheet with the assets on the left-hand side and the liabilities and owner’s equity on the right-hand side is called the account form.
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Balance Sheet
When the balance sheet is presented in a downward sequence in three sections, it has been prepared using the report form. This is the form used in the next two slides.
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Balance Sheet
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Balance Sheet
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Balance Sheet
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Balance Sheet
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Balance Sheet
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Balance Sheet
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Balance Sheet
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Balance Sheet