Balance Sheet

Balance sheet is the one of the five financial reporting. It`s the most important of financial reporting. Balance sheet devided to be two columns, while in Balance sheet there are aktiva and passive.

What is aktiva and passiva??,,….

Aktiva and passive are terms of accounting, that aktiva is same with asset such as cas, inventory, equipment and ect. Aktiva divided to be current asset and fixed asset. Current asset is aktiva that have kala until less than one year whereas fixed asset is aktiva that have kala more than one year.

Example of current asset is :
          Cas In Bank
          Petty Cash
          Account Receivable
          Allowance
          Merchandise Inventory
          Store and Office Supplies
          Prepaid Insurance, Rent, and ext…..

Example of fixed asset is :
          Buildings
          Vehicles
          Equipment
          Land
          Accumulated of their, and ect……

And than passiva, passiva devided be Liabilities and Equity. Libilities divided be sort and long term liabilities. Sort term liability is the obligation that have kala less than one year and long term is otherwise. Then equity is a element of accounting taken from retained earning.

Example of sort tem liabilities :
          Accounts Payable
          Tax Payable
          PPn Payable and ect.

Example of long term liabilities :
Bond Payable and ecr.

Example Account of Equity :
Equity
Stock Investment and ect.