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Unformatted text preview: a list to get a detailed breakdown on both the assets and liabilities that company has. From that stand point, it helps the accountant figure out if the company has the resources to pay their debts off when it is time to do so. When or lets say if, the company's assets were to ever exceed their liabilities on the balance sheet, the balance sheet can help them see where they can squeeze the funds from to pay the debt off....
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This note was uploaded on 01/16/2012 for the course ACC 557 037VA016-1 taught by Professor Kimberlydillman during the Spring '11 term at Strayer.
- Spring '11