The balance sheet: active and passive

etikhatun681@f

Know the economic situation of the company at the specific moment in time in which it is required, and is made up of two important assets, assets and liabilities. It is essential when considering the financial analysis of the company, but above all to know its good progress. We can say that in the assets the funds are collected and in the liabilities the origins, but let's go a little deeper into this, since they can lead to confusion if they are not well known. The asset consists of the set of goods and rights of which the company is the owner, as well as other items that are used to generate income. We can also differentiate between current assets and non-current assets, the former being the goods and rights that are in the company for less than a year and non-current assets being those that remain in the company for more than a year.

Liabilities are the set of financial resources of the company that are obtained in the development of its functions and estimates of upcoming expenses. There are also types of current and non-current liabilities. Current Phone Number List  liabilities can be short-term debts, short-term provisions, trade creditors, short-term accruals, etc. Non-current liabilities can be deferred tax liabilities, long-term debts, long-term provisions, long-term accruals, etc. The difference between assets and liabilities in the company is the net worth. The balance sheet is what indicates what the company.



Has and what it owes, what the financial situation of the company is at this moment, taking into account the previously indicated values ​​of assets (appears in the left column) and assets (in the right column). There are several balance sheets to take into account when assessing the financial situation of the company, and they are the opening balance sheet, the final balance sheet and the partial balance sheets. The balance sheet is also important for the income statement , which records the company's profit or loss during the financial year, which is usually measured in one year. Let's say that the main difference between both concepts is that the balance sheet is a snapshot of the company at a given moment and the income statement would be the film of the activity throughout the year.