Checking the final-return box is a smart move, but zeroing out your account balances on your balance sheet provides further notice that you've ended your business.

Learn financial statement analysis techniques, including horizontal, vertical, and ratio analysis, to assess company ...

A balance sheet can be presented in account form and report form, but first, it is important to have a basic understanding of the types of financial statements to prepare and why they are important.

A balance sheet shows a company's assets, liabilities, and shareholder equity at that point in time. Learn how they work, how to read one, and why they're important.

Learn what a trial balance is, how it works, and its purpose in ensuring accurate bookkeeping by ensuring debits equal ...

Listing Balance Sheet Accounts The first accounts to include in the table are your assets, such as cash and inventory. These accounts have debit balances.

Corel Corp. said Friday that it has restated its final balance sheets for three consecutive years, but the move is simply an accounting measure related to the company's 1996 acquisition of Novell Inc.