Читать книгу Financial Accounting For Dummies - Maire Loughran - Страница 44

A classified balance sheet groups together similar accounts so the financial statement user has an easier time reading it. In Chapter 7, I show you a blown-out balance sheet that is structured in accordance with generally accepted accounting principles (GAAP; see Chapter 4). In Figure 2-1, I give you a very abbreviated version of what a classified balance sheet looks like.

FIGURE 2-1: An abbreviated classified balance sheet.