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    biggad's Avatar
    biggad Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Sep 3, 2008, 09:30 AM
    Trail balance
    How do I prepare a balance sheet
    AdamUTsel's Avatar
    AdamUTsel Posts: 100, Reputation: 2
    Junior Member
    		  
    #2

    Sep 3, 2008, 11:29 AM
    Balance sheets are created from a trial balance (general ledger) that tracks all accounting entries made during the period. From here, assets, liability, and owner's equity accounts are summarized and reported. There are special requirements under GAAP for reporting current vs. non-current assets and liabilities as well as other more specific requirements based on the industry the reporting company operates in.

    You will have to be more specific in your question to really elaborate on this.
    danielnoahsmommy's Avatar
    danielnoahsmommy Posts: 2,506, Reputation: 297
    Ultra Member
    		  
    #3

    Sep 3, 2008, 11:32 AM
    Seems like someone needs help with there homework
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