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.
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 |