AFM: Concepts and Practice · Part B: Financial Statements and Core Banking Systems
Chapter 8: The balance sheet equation and final accounts
Why assets equal liabilities plus capital, and how a trial balance and its notes become a proprietor’s final accounts.
Buyers of the e-book, or of the print copy, which includes it, read the whole chapter. Everyone can read the free sample, pages 1 to 24 of the e-book.
In this chapter
- 8.1The balance sheet equationp. 101
- 8.2Sorting the trial balance: capital and revenuep. 102
- 8.3Year-end adjustmentsp. 103
- 8.4The trading and profit and loss accountp. 104
- 8.5The balance sheet: grouping and marshallingp. 105
- Exam traps and quick checksp. 106
- Practice: 16 questions in three roundsp. 107
- Answers, with every wrong option explainedp. 109
- Make it stickp. 111
- Chapter 8 on one pagep. 112
Corrections and updates
None for this chapter so far. Every correction to the book, and any rule that changes after its date, is listed on the errata page.