Because I need to know what a balance sheet is in my business class, and I make one for myself. My job in the future is going to be an accountant. At first, I thought this was hard and confusing, but actually when I started work on it, it’s pretty easy when I’m use to it. Well, in order to be an accountant, I have to learn what a balance sheet is. A balance sheet is a paper that that make my money in track.
For the assets on my balance sheet, I have my income as an accountant, which is $3179.71 per month (subtracted tax). My savings account, which is saves $300 every month. And the room I’m renting. I rent a room for $550 per month. My total current assets are $4029.71 monthly. And these are my assets.
For the liability on my Balance sheet, I have my student loans for university, which is $200 per month. My tax for my income is 15%, which is $561.12 from my $3750.83. And my car loans, my car is Toyota Carmy Hybrid $31,310, and I’m paying it for 3 years, $869.72 per month. My total current liabilities are $1630.84 per month, and that’s it. balance sheet
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