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What are Pro Forma Balance Sheets?
Pro Forma balance sheets are same as normal Balance Sheets, the only difference being that they are made for the future. Pro Forma Balance sheet shows how a company plans to manage their assets and liabilities in the future. The purpose of it serves it that it offers a basic idea about the approximate financial standing of the company.
It is rather difficult to understand that, the whole concepts of pro forma balance sheets only through definition. One need elaborate examples to get a grip on things. The Students are often required to carry out the assignments on Pro Forma Balance sheets. But without the right guidance, it can be too difficult at times. So if you feel that your Pro forma balance sheet homework is too much for you, you can opt for the Pro Forma of Balance Sheet homework help provided by us at myhomeworkhelp.com.
Pro Forma Balance Sheets: Assets and Liabilities
Our Pro Forma of Balance Sheet assignment help experts feel that before you can go to the depths of the topic, you must acquire a fundamental idea about the assets and liabilities which have a place in the Pro Forma Balance Sheets. They are:
Assets:
2. Cash.
3. Accounts Receivable.
4. Buildings.
5. Land.
6. Vehicles.
6. Total assets (current and fixed).
Liabilities:
1. Accounts payable.
2. Accrued payroll.
3. Notes payable.
4. Mortgage note payable.
5. Total liabilities (current and long term liabilities).
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What are the problems that students face with this topic?
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