Balance sheet 资产负债表

The balance sheet shows what a company owns, what it owes, and what it's worth.

A balance sheet has three section.

On the left side of a balance sheet is a company's assets.

A company's equity, also referred to as owner's equity or shareholder's equity, is listed on the right side.

A company's liabilities are listed below equity.

The company's total assets are equal to its liabilities plus quity.

Therefore, the two sides of the balance sheet are equal.

Assets 资产

The assets side of the balance sheet lists the total value of the company's resources.

Here we find such items as cash, accounts receivable, inventories, and the other resources.

The corporation reported total assets worth 70 million dollars on its balance sheet.

【选择】What describes the relationship between assets, liabilities and equity?   assets=liabilities+equity  资产=负债+所有者权益

【选择】What is listed on the assets side of a balance sheet?   -The total value of the company's resources.

【填空】A company's total assets are equal to its liabilities plus equity.

【填空】The coporation reported total assets worth 70 million dollars.

【填空】If a customer hasn't paid the money for the goods of services within an agreed time frame, it should be listed as accounts receivable.

【填空】On a balance sheet, a company's inventories are considered as assets.

Liabilities 负债

Liabilities are the obligations or financial debts a company owes.

Each form of liability usually has the word "payable" in its account title.

One common liability is accounts payable, which comes from buying goods or services on credit.

Another example of liability is notes payable, which commonly comes in the form of a bank loan.

Other forms of liabilities includes wages payable, income taxes payable, and so on.

Owner's equity 业主权益

The part of a business that belongs to the owners is called owner's equity.

Owner's equity reflects the amount the owner has invested in a company and the amount they have retained from its profits.

Two common ways to increase owner's equity are receiving more investment or increasing profits.

【选择】If a company takes on debt, it will... increase its equity.

【选择】What does owner's equity reflect?    -The profits an owner has retained from their company.

【选择】 Which part of a balance sheet lists the total value of the companies resources?  -Assets.

【填空】The company hired many new staff but had not yet paid their wages, which increased the company's listed liabilities.

【填空】The company has several liabilities, valued at two million dollars.

【填空】If a real estate company has $500,000 in assets and $400,000 in liabilities, its equity is $100,000.

【跟读】The company has serveral liabilities, valued at two million dollars.