Business Plan Balance Sheet Template
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Balance sheet basically is a detailed list of assets, liabilities and the total value of the shareholders' equity usually at the end of an accounting year.
By examining a sample balance sheet and income statement, small businesses can better understand the relationship between the two reports.
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The business plan financial section for most businesses tends to concentrate on the income statement and fails to get to grips with the accounting balance sheet. The total value of assets must be equal to the value of liabilities plus equity. Income statement: Your income statement reports on revenue, expenses and net income (profit) for a period of time, usually a month or year.
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