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This document presents the financial position of Open Joint-Stock Company 'Interregional Distributive Grid Company of Urals' as of December 31, 2009, detailing assets, liabilities, and equity.
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How to fill out balance sheet
How to fill out Balance Sheet
01
Start with the title: 'Balance Sheet' followed by the date of the statement.
02
Divide the balance sheet into two main sections: Assets and Liabilities & Equity.
03
List all assets in the Assets section, starting with current assets (e.g., cash, accounts receivable, inventory) followed by non-current assets (e.g., property, equipment).
04
Total the assets at the bottom of the Assets section.
05
In the Liabilities & Equity section, list current liabilities (e.g., accounts payable, short-term debt) followed by long-term liabilities (e.g., mortgages, bonds payable).
06
Total the liabilities at the bottom of the Liabilities section.
07
List equity items such as common stock, retained earnings, and additional paid-in capital.
08
Total the equity at the bottom of the Equity section.
09
Ensure the total assets equal the total liabilities plus total equity for the balance sheet to be balanced.
Who needs Balance Sheet?
01
Businesses to assess their financial position.
02
Investors to evaluate the company's solvency and liquidity.
03
Creditors to determine the risk of lending to the business.
04
Management for internal financial analysis and decision making.
05
Regulatory agencies for compliance and reporting.
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People Also Ask about
What is a balance sheet in English?
Balance Sheet format is prepared either in Horizontal form or Vertical form. In the Horizontal form of the balance sheet format, assets and liabilities are shown side by side and in the vertical form of the balance sheet, assets, and liabilities are shown vertically.
What is balance sheet accounts in English?
A balance sheet is a financial statement that reports a company's assets, liabilities, and shareholder equity. The balance sheet is one of the three core financial statements that are used to evaluate a business.
What does it mean when a balance sheet says in millions?
In finance and accounting, MM (or lowercase “mm”) commonly denotes that the units of figures presented are in millions. The Roman numeral M denotes thousands. In this context, MM is the same as writing “M multiplied by M,” which is equal to “1,000 times 1,000,” which equals 1,000,000 (one million).
What is the structure of a balance sheet?
A balance sheet consists of three primary categories: assets, liabilities, and equity. Under the standard balance sheet equation, assets must equal liabilities plus equity.
What is the balance sheet structured around?
A balance sheet is a financial statement that reports a company's assets, liabilities, and shareholder equity. The balance sheet is one of the three core financial statements that are used to evaluate a business.
What is the balance sheet structure in English?
A standard company balance sheet has two sides: assets on the left, and financing on the right–which itself has two parts; liabilities and ownership equity. The main categories of assets are usually listed first, and typically in order of liquidity. Assets are followed by the liabilities.
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What is Balance Sheet?
A Balance Sheet is a financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a snapshot of its financial position.
Who is required to file Balance Sheet?
Corporations, limited liability companies (LLCs), and other businesses that are legally required to report their financial position, as well as non-profit organizations, must file a Balance Sheet.
How to fill out Balance Sheet?
To fill out a Balance Sheet, list assets on one side, including current and long-term assets, then list liabilities, both current and long-term, on the other side, and finally, calculate the equity. Ensure that assets equal the sum of liabilities and equity.
What is the purpose of Balance Sheet?
The purpose of a Balance Sheet is to provide stakeholders with an overview of a company's financial health, assess its liquidity, and evaluate how well it manages its resources.
What information must be reported on Balance Sheet?
A Balance Sheet must report total assets, total liabilities, and shareholders' equity. Specific items include cash, accounts receivable, inventory, property, accounts payable, long-term debt, and retained earnings.
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