Assertion: balance sheet | /r/HasProperty | prepared
Facets:
value: always
type: DEGREE
value: at the close of business
type: TEMPORAL
value: on a specific date
type: TEMPORAL
value: in order to arrive
type: PURPOSE
value: according to the following formula
type: OTHER
Source sentences:
text: When balance sheet is prepared, the current assets are listed first and non-current assets are listed later.
text: When balance sheet is prepared, the liabilities section is presented first and owners’ equity section is presented later.
text: As described at the start of this article, balance sheet is prepared to disclose the financial position of the company at a particular point in time.
text: Now that the balance sheet is prepared and the beginning and ending cash balances are calculated, the statement of cash flows can be prepared.
text: Comprehending the available assets and liabilities: When a balance sheet is prepared, current assets and liabilities will be classified clearly to inform the company of their obtainability, such as:-
text: The balance sheet is prepared, on a specific date, hence the words ‘as at’ appear at the top of the sheet.
text: Balance sheets are usually prepared at the close of an accounting period.
text: It is an important document that needs to be prepared and submitted regularly like when submitting taxes, applying for grants or loans, while looking for investments etc.
text: Thus, a balance sheet is prepared according to the following formula:
text: And the balance sheet is prepared to disclose the financial affairs of the company to external stakeholders.
text: The profit and loss statements of a company and the balance sheet must be prepared in order to arrive at a clear picture of the company’s financial stability.
text: The balance sheet is prepared, on a specific date, hence the words ‘as at’ at the top of the sheet.
text: A balance sheet is always prepared at the close of business on the last day of the profit period.
text: In the case of the balance sheet and the equity statement, the balance sheet provides information about stockholders' equity on a specific date; the equity statement provides details about how the total amount of stockholders' equity changed between the time the last balance sheet was prepared and the current balance sheet date.