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2. Balance sheet - Wikipedia

   en.wikipedia.org/wiki/Balance_sheet

   In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity.

3. Balance (accounting) - Wikipedia

   en.wikipedia.org/wiki/Balance_(accounting)

   The first "balancing" of books, or the balance sheet financial statement in accounting is to check iterations (trial balance) to be sure the equation above applies, and where assets and liabilities are unequal, to equalize them by debiting or crediting owner's equity [2] (i.e. if assets exceed liabilities, equity is increased, if liabilities ...

4. Accounting equation - Wikipedia

   en.wikipedia.org/wiki/Accounting_equation

   Since the balance sheet is founded on the principles of the accounting equation, this equation can also be said to be responsible for estimating the net worth of an entire company. The fundamental components of the accounting equation include the calculation of both company holdings and company debts; thus, it allows owners to gauge the total ...

5. How Accounts Payable Are Recorded on a Balance Sheet - AOL

   www.aol.com/finance/accounts-payable-recorded...

   In addition to including accounts payable on the liabilities side of the balance sheet, they often include the assets purchased through the accounts payable on the assets side of the balance sheet ...

6. How to Analyze a Balance Sheet - AOL

   www.aol.com/analyze-balance-sheet-193300468.html

   How fast do we turn over the balance on the balance sheet? Accounts receivable turnover is a sales divided by your average for the period. The average accounts receivable inventory turnover is the ...

7. Reconciliation (accounting) - Wikipedia

   en.wikipedia.org/wiki/Reconciliation_(Accounting)

   In accounting, reconciliation is the process of ensuring that two sets of records (usually the balances of two accounts) are in agreement. It is a general practice for businesses to create their balance sheet at the end of the financial year as it denotes the state of finances for that period. Reconciliation is used to ensure that the money ...