@ 2012, Cengage Learning Accounting for Merchandising Businesses LO 2b - Preparing a Balance Sheet...
11
@ 2012, Cengage Learning Accounting for Merchandising Businesses LO 2b - Preparing a Balance Sheet for a Merchandising Business
-
Upload
patrick-rose -
Category
Documents
-
view
220 -
download
0
Transcript of @ 2012, Cengage Learning Accounting for Merchandising Businesses LO 2b - Preparing a Balance Sheet...
@ 2012, Cengage Learning
Accounting for Merchandising Businesses
LO 2b - Preparing a Balance Sheet for a Merchandising Business
Balance Sheet
The form of balance sheet with the assets on the left-hand side and the liabilities and owner’s equity on the right-hand side is called the account form.
LO 2LO 2
Balance Sheet
When the balance sheet is presented in a downward sequence in three sections, it has been prepared using the report form. This is the form used in the next two slides.
LO 2LO 2