The purpose of Balance sheet is to show the financial position of a business in terms of its assets , liabilities and capital as of a certain date. Assets of a business are categorized as a non-current assets or current assets and same goes to the liabilities.
Capital of a business, which is also known as owner's equity consists of sum of capital at the beginning and net profit obtained for a period. It can be done in horizontal or vertical. Im quite confused actually. It seemed like today i cant understand anything. gahhhh! what's wrong with me? huhu.. i just hope that i'll understand accounting. huhu.. We don't have Information Technology In Business class (MGT 417) today but we have assignment to pass up during the class hour. I almost forgot about it, luckily my friend reminded me, HUUUU. Today we had our MANDARIN (BMD401) WRITING TEST that covered chapter 1-6. hahhahahah.. And it wassssss.... Ow MY! I did had some memory breakdown just now. I forgot some of the things that i supposed to remember.. But yeah what to doo. It's over now.. huuuu.. Now im studying BUSINESS LAW but its making me SLEEEEPPYYY! :'( hmmm okay then, GOODNIGHT PEOPLE! Gotta go! Im sooo sleeppyy!
No comments:
Post a Comment