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Fill in the Blank Balance Sheet  Form

Fill in the Blank Balance Sheet Form

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Instructions and help about complete balance sheet

so when we look at balance sheet of a company so there are two parts in the balance sheet first is the equity and liability path and second is the asset part equity and liability part is also known as the sources of fund basically where the money is coming from and the asset part is also known as the application of fund where is the money going so assets are further divided into current assets and non-current assets current assets are those of those assets which are to be used within time frame of one year and non-current assets are those assets which will be there for a period of more than one year so the example of non-current asset on your on your personal balance sheet would be something like an fd for three years so that is an example of non-current asset suppose if you own a shop so that is an example of a non-current asset but example of a current asset will be suppose if you have money in your current account which will be used within one year so that is an example of a current

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