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APPENDIX B: HISTORICAL FINANCIAL STATEMENTS (UNAUDITED)Ilia, LLC Balance Sheet unaudited For the period ended 12/31/17 & 12/31/18Prior Period Jan 2017Dec 2017Current Period Jan 2018Dec 2018ASSETS
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01
To fill out an unaudited balance sheet, follow these steps:
02
Start by listing all your assets. This includes cash, accounts receivable, inventory, investments, and property.
03
Next, list all your liabilities. This includes accounts payable, loans, and other debts.
04
Calculate your total assets and total liabilities.
05
Subtract your total liabilities from your total assets to determine your net worth or equity.
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Include any additional information required, such as notes or explanations of certain items on the balance sheet.
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What is balance sheet - unaudited?
An unaudited balance sheet is a financial statement that displays the company's assets, liabilities, and equity at a specific point in time, but has not been reviewed or verified by an external auditor.
Who is required to file balance sheet - unaudited?
Typically, all businesses, including sole proprietorships, partnerships, and corporations, may be required to file an unaudited balance sheet for tax purposes or regulatory compliance, depending on local laws and the size of the organization.
How to fill out balance sheet - unaudited?
To fill out an unaudited balance sheet, list assets (current and non-current) on one side and liabilities (current and long-term) along with shareholders' equity on the other side. Ensure that the total assets equal the total liabilities plus equity.
What is the purpose of balance sheet - unaudited?
The purpose of an unaudited balance sheet is to provide stakeholders with an overview of the company's financial position, including its ability to meet obligations and fund future growth without the assurance of an external audit.
What information must be reported on balance sheet - unaudited?
An unaudited balance sheet must report information on total assets (including cash, accounts receivable, inventory, and fixed assets), total liabilities (such as accounts payable and long-term debt), and total shareholders' equity.
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