Balance Sheet Items Classifications

The items which are generally present in all the Balance sheet includes:

 Assets like cash, inventory, accounts receivable, investments, prepaid expenses, and fixed assets.
 Liabilities like long-term debt, short-term debt, Accounts payable, Allowance for the Doubtful Accounts, accrued and liabilities taxes payable.
 The Shareholders’ equity-like Share capital, additional paid-in capital, and retained earnings.

1. Cash and Equivalents (Current Assets)

2. Marketable Securities (Current Assets)
3. Account Receivables (Current Assets)
4. Inventories (Current Assets)
5. Prepaid Expense (Current Assets)
6. Property, Plant, and Equipment (Fixed Assets)
7. Intangible Assets (Fixed Assets)
8. Account Payable (Current Liabilities)
9. Unearned Revenue (Current Liabilities)
10. Short Term Debt (Current Liabilities)
11. Current Portion of Long-term Debt (Current Liabilities)
12. Other Accrued Expenses and Liabilities (Current Liabilities)
13. Long term Debt (Long Term Liabilities)
14. Paid-in Capital (Shareholders Equity)
15. Retained Earnings (Shareholders Equity)

The Balance Sheet is based on fundamental accounting Equations which are below-