August 2009
Beginner
304 pages
5h 57m
English
Content preview from Financial StatementsBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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Chapter 2. The Balance Sheet
One of the two main financial statements of a business…the other is the Income Statement.
The Basic Equation of Accounting
• The basic equation of accounting states: “What you have minus what you owe is what you’re worth.”
• Worth, net worth, equity, owners’ equity and shareholders’ equity all mean the same thing—the value of the enterprise belonging to its owners.
The Balance Sheet
• The Balance Sheet presents the basic equation of accounting in a slightly rearranged form:
• By definition, this equation must always ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.