Below is a sample balance sheet, an
report, that you can
achieve in six easy steps. Work through these steps and you should be
able to confidently pull together a basic sheet, and actually
In each of the six steps you will find details of business
transactions and their effect on the balance sheet.
You will have
access to a free sample for each step. Simply click on each image to enlarge.
I recommend reading up on the accounting equation
first because it plays an important role in producing these reports
which are derived using the double-entry bookkeeping method.
The net assets and total equity should always equal the same.