Balance sheet

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The Balance sheet is an important part of the yearly mandatory financial statements.

It is the overview of the aggregated assets, debts, rights, and obligations of the enterprise (or association)at the end of the fiscal year (31st December).



Calculation and Validation[edit]

All calculations can be derived from the bank statements:

Balance = Assets - Debts
Assets = Capital + Debtors
Capital = Real estate + Investments + Savings + Bank saldi
Depts = Unpaid invoices

Assets of this year = Assets of previous year + Profit

Profit = Income - Expense
Income = Grants + Membership fees + Gifts + Outgoing invoices
Expense = Invoices + Tax + Expense claims

Related ledger items[edit]