The assets (economic means) that a company can own are divided into two broad

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All these economic resources are expressed in lei. The assets (economic means) that a company can own are divided into two broad categories: Fixed assets The most important immobilized assets are the fixed assets, which include: buildings, machines, devices and work installations, means of transport, all of which are expressed in lei at their value at the time of drawing up the balance sheet. Current assets , of which we mention 3 large categories: Stocks of goods, raw materials, materials, parts, etc.


The amount of invoices issued to customers but not collected ( Receivables ) Amounts British Student Phone Number List of money in bank accounts and in cash The liability sums up the value of the financing sources of the economic resources at the time of drawing up the balance sheet. Funding sources are also divided into two large categories: Liabilities are sums of money or the monetary value of goods and services received from outside the company.




These sums of money must be returned at a certain maturity. Here are some examples of debts a business can have: Payables to suppliers of goods and services Wages and other entitlements to be paid to employees Bank loans, leasing, various loans Taxes, fees, contributions owed to state institutions Equity is the amount of money made available to the company by its owners. Share capital, for example, is part of the company's equity. The profit that the associates or shareholders do not distribute as dividends is called reinvested profit and also falls under the category of Equity. Why is the balance sheet important? The balance sheet is a mirror of your business .