Understand and Use Financial Statements

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HOW TO START YOUR OWN BUSINESS ... AND MAKE MONEY!
Understand and Use Financial Statements *
This resource is now available for purchase! Click here. What Is a Balance Sheet?What Items Are Included on the Asset Side of the Balance Sheet?Current assetsFixed assets¹PrepaymentsDeferred chargesWhat Items Are Included on the Liability Side of the Balance Sheet?Current liabilitiesFixed liabilitiesNet worth²³⁴Are There Additional Items Which May Be Included on a Balance Sheet?⁵How Is a Balance Sheet Used?How May a Balance Sheet Be Interpreted?What Are Some of the Important Balance Sheet Ratios?Footnotes:

* This article is excerpted from How To Start Your Own Business . . . And Make Money!, by Robert R. Thompson. Republished with permission of the author. The information contained in this publication is provided solely for general educational purposes and does not constitute legal advice, nor does it create a business or professional relationship. © Copyright 2007 Robert R. Thompson. This resource is available for purchase - click here.

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