Balance Sheet, Profit And Loss Account

If you are buying something in order to sell it for a better price, you do have a business. In betwen this process, you can also first add value to the item you purchased, in order to get a better price when selling.   Example: Buy seed - Plant in the soil and...

As mentioned earlier, the balance sheet is used to measure the financial position of the business at the time of doing the farm planning. The following ratio calculations are interpreted as follows: NET CAPITAL RATIO: NCR = Total Assets / Total liabilities...

In the simplest form, your balance sheet can be divided into two categories: Assets and Liabilities. Assets are the items your company owns that can provide future economic benefits. Liabilities are what you owe othe parties. In short, assets put money in your pocket...

A balance sheet shows how a company stands at a given moment. There is no such thing as a balance sheet covering the year 1954; it can be for only a single date, for example, December 31, 1954. A single balance sheet may give some indications as to the company's past...