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A balance sheet is an accounting tool used to summarize the financial status of a business or other entity. It generally lists assets on one side and liabilities on the other, and both sides are always
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What is balance sheet
A balance sheet is a financial statement that summarizes a company's assets, liabilities, and equity at a specific point in time.
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How to fill out the pdffiller template
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1.Open your PDFfiller account and select the balance sheet template.
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2.Click on the 'fill' button to start editing the document.
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3.Begin with the 'Assets' section; list your current and fixed assets, ensuring to categorize them appropriately.
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4.Calculate the total assets by summing up current and fixed assets.
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5.Move to the 'Liabilities' section; document all current and long-term liabilities, being specific with each entry.
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6.Sum up the liabilities to get total liabilities.
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7.Finally, in the 'Equity' section, input owner equity and retained earnings, and add these to calculate total equity.
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8.Verify that the equation (Total Assets = Total Liabilities + Total Equity) holds true, making adjustments if necessary.
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9.Save your completed balance sheet and download or share as needed.
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