It summarizes a company's assets, liabilities and shareholders' equity at a specific point in time.
These three balance sheet segments give investors an idea as to what the company/organization owns and owes, as well as the amount invested by shareholders.
The balance sheet adheres to the following formula:
Assets = Liabilities + Capital (Shareholders' Equity)
For checking balance sheet report in Epan -
Click on Account > Balance Sheet Menu :
You will get page :Note : Net profit
value using in balance sheet report & after calculation got Equal
value of both side "Total" because of balance sheet basic rule i.e. :
Assets = Liabilities + Capital (Shareholders' Equity).
You can check statements to related "Current Assests
" by digging just one click.
Go further by clicking on "Trade Receivable (It is a Group Name)
Go further by clicking on "Sundry Debtor (It is a Group Name)
Go further by clicking on "Name of Ledger
Now you get transaction record of "Debtor
". Transaction voucher detail.
After analysis of balance sheet you have known about your company what the company owns and owes, as well as the amount invested by shareholders.