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| | Balance Sheet |
 | | The pro forma Balance Sheet shows assets, liabilities, and capital, which is the financial position of a company at a certain date. |
 | | The Balance Sheet is a picture of a business’ assets, liabilities, and capital -- its overall financial picture -- on a given date, at a given time. |
 | | In the initial balance, the software recalculates retained earnings (Earnings (or losses) that have been reinvested into the company, not paid out as dividends to the owners) as a plug amount, forcing retained earnings to make sure that assets are always equal to capital plus liabilities. |
| www.timberry.com /fm/Balance_Sheet.htm (424 words) |
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