Balance Sheet Walkthrough Videos - Liabilities
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January 31, 2024
A balance sheet is a “snapshot” of the financial health of your farm business at a single point in time. It lists what you own (assets) and what you owe (liabilities) with the difference between them indicating how much the farm business is worth (owner equity/net worth).
The following videos outline examples of the types of information that goes on the liabilities section of your farm's balance sheet.