to three past reporting periods included on the balance sheet. This information is easily sourced from past copies of balance sheets that have been prepared. An example of a simple balance sheet in narrative format from a small hospitality business (hypothetical) follows. Your Balance Sheet as at Day, Month, Year Assets Current Assets Bank 64,203 Accounts Receivable 11,000 Inventory 15,000 Total Current Assets 90,203 Non Current Assets Equipment 52,000 Accumulated (16,000) Furniture 25,000 Accumulated (4,000) Total Non Current Assets 57,000
to three past reporting periods included on the balance sheet. This information is easily sourced from past copies of balance sheets that have been prepared. An example of a simple balance sheet in narrative format from a small hospitality business (hypothetical) follows. Your Balance Sheet as at Day, Month, Year Assets Current Assets Bank 64,203 Accounts Receivable 11,000 Inventory 15,000 Total Current Assets 90,203 Non Current Assets Equipment 52,000 Accumulated (16,000) Furniture 25,000 Accumulated (4,000) Total Non Current Assets 57,000
TM_Maintain_financial_standards_&_records_refined.docx