Assets Liabilities Equity Examples. As you will see, it starts with current assets, then non-current assets and total assets. The following sections examine each part of briefly.
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Unlike the asset and liability sections, the equity section changes depending on the type of entity. I hope you enjoy the video. Check out balance sheet examples at Accounting play, the leading platform for online learning.
It seems simple enough but let's really break it down.
In the left-side column, create a section for assets, liabilities, and equity.
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Example - Account payable, Loan, Outstanding expenses, Creditor. Assets are presented in order of liquidity and display current and long-term classification. A customer calls your store and says he had a dream about your cakes.