Balance sheet is
actually financial statement in which all the assets that a company owes are
summarized and all the deals made by business are checked again.
Importance of balance
sheet: Balance sheet is very essential for business and it has become an
important part of business. Especially balance sheet is compulsory for newly
started business as well as private companies and for partnership business.
Purpose: the main
purpose of making balance sheet is to record all the deals and transactions
made by company. So in the last of year we are able to describe the financial
position of our company.
Parts of balance
sheet: The balance sheet consists of three main parts that are assets,
liabilities and ownership equity.
- When we make balance sheet we keep the all the primary assets in start according to their value.
- The second step is note down all the sum which the company owes/liabilities.
- All the assets or sum which owes by owner are clearly written in balance sheet.
Advantage: Balance
sheet reveals the financial state of company. When the business owner read the
balance sheet it then he will able to take quick decisions for the betterment
of his business. He knows when or which types of steps should be taken.
In short one can maintain his business by reading balance
sheet template.
Balance sheet
template: Balance sheet is made by keeping a specific design in mind.
It should be formal, having predefined format. If you are
going to make balance sheet then you have to follow these steps. To assist you
we designed balance sheet template MS Word. You can make changes in this
balance sheet template as it is absolutely customizable. By using balance sheet
template you can save your precious time as well as money. Balance sheet
template does work.
Download link: Here
we give our download link of our balance sheet template. Just download it,
modify it by adding your own amounts. http://www.mstemplate.com/balance-sheet-template.html