What is the Balance Sheet ‘is a summary of all that is firm, you should, of what they owe and what truly belongs to its owner, to a certain date. When preparing the balance sheet the employer obtains valuable information about your business, as the state of his debts, which must be recovered or the availability of money at the moment or in the near future. 1.1 What parts make up the balance sheet: ActivosPasivosPatrimonioACTIVOS is all that is firm and has value as money on hand and in banks. The accounts receivable from clientesLas raw materials in stock or equiposLos vehiclesThe almacenLas machines and furniture and construction enseresLas and land assets of a company can be classified in order of liquidity in the following categories: Current assets, fixed assets and other assets. Current assets are those assets that are easier to become cash during normal business operations. These assets include: a. Case: Is the money you have available in the drawer of the desk in his pocket and checks not recorded daily. b. Banks: Is the money you have in the bank’s current account. c. Accounts Receivable: The balance of proceeds from sales on credit and still have customers, bills of exchange loans to the workers and friends. Also included are the checks and bills of exchange receivable either because it has reached its expiry date or because people who owe you have not met the agreed deadlines. d. Inventories: The full breakdown of the quantities and values for raw materials, work in process and finished products of a company. In commercial and distribution businesses such as shops, barns, hardware stores, drugstores, etc.., There are no inventories of raw materials or products of the process. Only manages the inventory of goods available for sale, valued at cost. There are several types of inventories: a. Inventories of Raw Materials: Is the value of the raw materials available to date of the balance sheet valued at cost. b. Inventory in process: The value of the products that are under development. To determine the approximate cost of these inventories, it is necessary to add the cost of raw materials, involved direct payments to the timing of the balance sheet. For example, labor is paid as regular salary or per unit worked (a contract or piecework), per unit payments made to other shops by way of polished, carved, machined, chipped, embroidery, printing, etc.. c. Inventory of finished products is the value of the merchandise that is available for sale, valued at production cost of fixed assets is the value of those immovable and movable property the company owns and which serve to develop their activities. Machinery and EquipoVehiculosMuebles and EnseresConstruccionesTerrenos To put a value to each of these assets is estimated market value or sale estimate, taking into account the state in which it is to make the balance sheet date.