While the income statement is a tally of revenue and expenses over a period of time, a balance sheet is a snapshot of the current financial standing.
Below is a sample balance sheet. It is part of a larger working financial model.
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To keep it simple, the example includes basic line items including:
| Current Assets | |
| Cash | |
| Account Receivable | |
| Inventory | |
| Prepaid Expenses | |
| Total Current Assets | |
| Long Term Assets | |
| Plant, Property & Equipment, Gross | |
| Accumulated Depreciation | |
| Plant, Property & Equipment, Net | |
| Total Long Term Assets | |
| Total Assets | |
| Current Liabilities | |
| Account Payable | |
| Accrued Expenses | |
| Total Current Liabilities | |
| Long Term Liabilities | |
| Long Term Debt | |
| Total Long Term Liabilities | |
| Total Liabilities | |
| Shareholder’s Equity | |
| Common Equity | |
| Retained Earnings | |
| Total Shareholder’s Equity | |