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Balance Sheet: Presented By: Angelica Rey Santos Francy Jara Torres Laura Velasquez Lopez

The document is a balance sheet presented by three students for a class project. It includes an introduction explaining what a balance sheet is, objectives to analyze the content and show the structure, and a script explaining what assets, liabilities, and equity are and how to calculate the balance sheet equation of assets equaling liabilities plus equity. It provides an example balance sheet and concludes the purpose was to explain making a balance sheet in a practical way without errors.

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Santiago Umba
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Download as DOCX, PDF, TXT or read online on Scribd
33 views

Balance Sheet: Presented By: Angelica Rey Santos Francy Jara Torres Laura Velasquez Lopez

The document is a balance sheet presented by three students for a class project. It includes an introduction explaining what a balance sheet is, objectives to analyze the content and show the structure, and a script explaining what assets, liabilities, and equity are and how to calculate the balance sheet equation of assets equaling liabilities plus equity. It provides an example balance sheet and concludes the purpose was to explain making a balance sheet in a practical way without errors.

Uploaded by

Santiago Umba
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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BALANCE SHEET

PRESENTED BY:
ANGELICA REY SANTOS
FRANCY JARA TORRES
LAURA VELASQUEZ LOPEZ

PRESENTED TO: ALEXANDER

INGLES
MODULO 3

UNIVERSIDAD DE LOS LLANOS


VILLAVICENCIO
2019
INTRODUCTION

In the following work we can find the structure of the balance sheet (assets, liabilities,
equity), the management of each of the accounts according to their naturalness
(debit or credit) so that they finally give us a balance (equal amounts)
JUSTIFICATION

This work was done with the purpose of showing people without accounting
knowledge on how to make a balance sheet in a practical way and without errors
OBJECTIVES

GENERAL OBJECTIVE
 Analyze the content of the balance sheet

SPECIFIC OBJECTIVES

 Show the structure of the balance sheet

 Say the importance of this one


SCRIPT
What is the balance sheet?

It is the document in which the financial position of the Company is described in a


specific time.
Must be done at least once a year to know the status of your accounts.
The balance sheet equation is formulated as follows:

Liabilities
Assets
Equity

Assets = Liabilities + Equity

In order to be able to demonstrate in terms of monetary units the relation of financial


equality in the balance equation, it is necessary before knowing concepts of the
components of the previous equation.

Assets: It is all that belongs to the company.


They are divided into current assets and non- current assets.

Current assets: Are those that can be converted into cash in a maximum period of
one year.

Example: cash, banks, accounts receivable, inventories.


Cash and banks: Represents the cash of the company.

Accounts receivable: Are the product of credit sales.

Inventories: Represent the stocks that the company has in its warehouse
Non-current assets: Are those that can be converted into cash in a term greater
than one year.
Example: land, buildings, machinery, equipment.

Liabilities: Are the obligations that the company has. They are divided into current
liabilities and non-current liabilities.

Current liability: Are those debts that should be honored in the short term.

Non-current liability: Are those debts that must be honored in the long term (more
than a year).
Equity: They are the obligations that the company has with shareholders.
Example: Capital and accumulated profits.

Capital: Represents the initial investment for the constitution of the company.

Accumulated profits: Are the profits that the company is taking in time which are
accumulating

How can we make the balance of the company?

It is done in the excel program and you must write down all the company's economic
operations and classify them in their respective accounts.
The values are added and in the end the total of the asset must be equal to the total
of the liabilities plus the total of the equity
Below we can see the example of how the balance sheet should look:

It is very important to write the year when it was made.


In the balance it can be seen that the total of the asset is 8,374 and the sum of the
total liability with the total equity is 8,374, the values are equal, it was perfect
METHODOLOGY

The general balance is a very important report for your company, that is why in a
simple and didactic way it was shown the way in which the general balance should
be made The methodology used to carry out this work has an explanatory and
descriptive scope since the idea was to show the step by step of a general
balance. in this way people who do not have accounting knowledge can do it
CONCLUSIONS

CIBERGRAPHY

 https://blog.corponet.com.mx/que-es-el-balance-general-y-cuales-son-sus-
objetivos

 https://www.emprendepyme.net/balance-general.html

 http://contabilidad.uprrp.edu/wp-
content/uploads/2014/11/Traduccion_de_terminos_de_contabilidad-
Revisado1.pdf

 https://www.solocontabilidad.com/contenido/ecuacion-de-balance
TECNICAL VOCABULARY

Accounts Payable: Cuentas por Pagar


Accounts Receivable: Cuentas por Cobrar
Accumulated profits: Beneficios acumulados

Assets: Activos
Bonds Payable: Bonos por Pagar
Buildings: Edificios
Cash: Efectivo
Current Assets: Activos Corrientes
Current liability: Pasivo corriente
Equipment: Equipo
Equity: Patrimonio
Inventory: Inventario
Land: Terreno
Liabilities: Pasivo, o Deuda, u Obligaciones
Non- current assets: Activos no Corrientes
Non-current liability: Pasivo no corriente
Retained Earnings: Ganancias Retenidas

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