Basically, a snapshot of everything your business owns and owes at a specific date. A thing of value owned, expressed in terms of money. Assets may also include intangible items, or rights, such as goodwill and patents. Share capital investment in the shares of the company by its shareholders.
Investment can be by way of common or preferred shares.
It represents the amount of undistributed earnings that the business has retained for use in operations, expansion and growth. The investment in the business by the owners, including the accumulated earnings of the business, less the amount of drawings taken out by the owners. The gross proceeds from the sale of goods and services prior to the deduction of the costs of goods and expenses. Rents, dividends, and interest earned are also revenues. This would generall include inventory consumed in the production of your product and direct labour costs.