A balance sheet is a financial statement that provides a snapshot of a company's assets, liabilities, and shareholder's equity. A balance sheet is a type of financial statement. It gives you an ...

Examples of current liabilities are accrued expenses, taxes payable, short-term debt, payroll liabilities, and dividend payables, among others. Current liabilities are listed on the balance sheet ...

Accounting for a letter of credit on your balance sheet depends on when you use it. One issued by your financial institution acts as a credit substitute. That institution, often a bank, steps into ...

When small businesses need funds to expand, purchase assets or hire personnel, they may use debt financing if they are sufficiently creditworthy. These debt financing transactions appear on the cash ...

Learn how carrying value signifies asset value on balance sheets, using formulas and examples to assess depreciation and amortization accurately.

The ending balance of a cash-flow statement will always equal the cash amount shown on the company's balance sheet. Cash flow is, by definition, the change in a company's cash from one period to the ...

Like many central banks nowadays, the German central bank (“Buba”) is performing at a loss. A gold revaluation account (GRA) is an accounting item on the liability side of a balance sheet, part of net ...

New Zealand’s plan to sell its non-voting stake in fiber optic network operator Chorus is an example of the government using its balance sheet smarter, according to Finance Minister Nicola Willis.