Wednesday, August 21, 2013

What are the limitations of the balance sheet?

How much are YOU worth to us bean counters?
 
 
Shared via feedly // published on AccountingCoach.com Q&A // visit site
What are the limitations of the balance sheet?
One limitation of the balance sheet is that only the assets acquired in transactions can be included. Therefore, some of a company's most valuable assets will not be reported on the balance sheet. For example, assume that a company developed an internet business that now attracts millions of visitors each day and has $10 million […]



Sent from Rebecca Parrott Tatum, CPA's iPhone

No comments:

Post a Comment