Balance sheet helps us to see the financial position of the company. We must know how to read the balance sheet. It can be read to understand its different elements.
1.Current Assets:
All the assets of the company that is expected to be sold. It include the cash,stock inventory,securities,pre -paid liabilities and othet liquid assets. Current assets are important because it can be used for the day to day business operations.
2. Non- current Assets: It can not turned into cash esily in the short term. Non- current assets are : Goodwill, trademarks,patents,land,intellectual and property.
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