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    Developing a Balance Sheet

    Damona Doye and, Brent Ladd (August, 2015)
    Summary

    A good information system contributes to the financial success of the farm business. A financial information system contains four essential and interrelated components: the balance sheet, the cash flow statement, the income statement, and farm records. The balance sheet indicates the financial position of the farm business at a particular point in time. The balance sheet shows what is owned versus what is owed.

  • Details

    Organization
    Oklahoma Cooperative Extension Service
    Publisher
    Oklahoma State University
    Published
    August, 2015
    Material Type
    Written Material