3 year balance sheet. Aggregate reserves of depository institutions and the monetary base h3. The federal reserve operates with a sizable balance sheet that includes a large number of distinct assets and liabilities. This balance sheet example and explanation will help you understand how the balance sheet works and how to read a balance sheet.
Assets and liabilities of commercial banks in the us. Macroeconomic indicators such as gdp gross domestic product investment spending capacity utilization household income business profits and inflation fall while bankruptcies and the unemployment rate rise. In financial accounting a balance sheet or statement of financial position is a summary of the financial balances of an individual or organization whether it be a sole proprietorship a business partnership a corporation private limited company or other organization such as government or not for profit entity.
Bank assets and liabilities. Balance sheet data is based on a. How to read a balance sheet.
Free shipping on qualifying offers. A condensed statement that shows the financial position of an entity on a specified date usually the last day of an accounting period. You can earn our financial statements certificate of achievement when you join pro plusto help you master this topic and earn your certificate you will also receive lifetime access to our premium financial statements materials.
Among other items of information a balance sheet states 1 what assets the entity owns 2 how it paid for them 3 what it owes its liabilities and 4 what is the amount left after satisfying the liabilities. Assets liabilities and ownership equity are listed as of a specific date such. Owners equity are the words used on the balance sheet when the company is a sole proprietorshipif the company is a corporation the words stockholders equity are used instead of owners equity.
How to prepare a balance sheet from a trial balance in five easy steps. In economics a recession is a business cycle contraction when there is a general slowdown in economic activity. Put the most valuable business tool to work for you.