How many times you have wandered through gifts and card shops to buy Christmas greeting cards for your friends, family and colleagues to be dispatched before Christmas Eve? It's a common practice through which Invitation businesses mint considerable money every year. Once you are through the hassle of selecting all the cards, there comes the tiring phase of penning down each one with an exclusive wish followed by your name and so on. The prospect of selecting and writing a large number of Christmas greetings is not only boring, but demands a lot of time and patience.
In a company, partnership, or sole proprietorship venture, its financial statement shows the financial well being or condition of the company. A balance sheet constitutes 3 basic aspects: assets, liabilities, and equity. Needless to say, for a company to be profitable, the liabilities need to be lesser than the assets. The difference in amount shows the 'net worth' of the company. If you are new to such sheets and wondering how it is done, you can search the internet for many sheet examples. A typical company statement of financial position presents assets and liabilities in 2 different sections and the total should always balance. If the sheet does not show the same amount in both assets and liabilities, it has to be redrawn.