ECCB Micro-Business Simulation Workshop Presentations

The Balance Sheet: Components of the Balance Sheet THREE KEY FINANCIAL STATEMENTS

Everything of value that the business owns, such as cash, inventory, equipment, and property. Including Current Assets E.g. Cash, inventory, & Non-Current Assets ( Property, plant & equipment). Assets = Liabilities + Equity

Assets

The debts and obligations the business owes, such as loans, accounts payable, and salaries.

Liabilities

The owner's share in the business. It represents the owner's investment in the business. Equity = Assets + Liability

Equity