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QUESTION

SECTION #1 -INTRODUCTION OF BUSINESS: Explain and describe the business you will start. What will your business sell? Why is this business

How will you reflect the expense or the value of this equipment, supplies and inventory on your BALANCE SHEET?  

SECTION #5 – BALANCE SHEET ASSESSMENT:   

  1. Prepare a BALANCE SHEET that reports your Year #1 business results in terms of ASSETS and LIABILITIES and EQUITY.
  2. Explain your greatest Asset (versus all other assets) and your greatest Liability (versus all other Liabilities).

SECTION #6 – CONCLUDING THOUGHTS:Summarize your business desires, concerns and expectations based on your content above.Please use the ESSAY TEMPLATE provided for this assignment.

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