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Excel sheet12/6/2023 These values in these two sections should equal the amount noted under assets-hence the term Balance Sheet. Owner's Equity, on the other hand, refers to the amount the owners raised for the business, plus any earning it retains in its accounts. ![]() Liabilities refer to the amount the company owes to third parties, including banks, suppliers, landlords, and the government. Then on the third column of the same row, write the fiscal year you're covering.Īfter Assets, you have to create the corresponding Liabilities and Owner's Equity section. This is the section where you'll put in the values for everything your company has. Leave some space for formatting, then on the first column of the third row, write Assets. Put in Balance Sheet at cell A1 for easy identification. ![]() ![]() Once you know the period you're covering and have the values you need, it's time to create the Excel file.
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