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Opening balances represent the financial position of your company on the day before you start using Accounting. Here are some accounting rules which will help you construct an accurate balance sheet: Assets are recorded at the lower of cost or current market value. Since your assets will be newly acquired, put them down at cost. If you have donated personal possessions to the business (e.g., a vehicle), enter them at market value.

Opening-Day Balance Sheet

$20.00 Regular Price
$5.00Sale Price
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