Balancing the Balance Sheet
Even a completely clean set of books, even an audited financial statement, can require adjustments in order to properly reflect the balance sheet as well as the income statement of the business entity for purpose of valuation. Many times these adjustments have nothing to do with suggestions of wrongdoing, distortions, or any other heinous actions by the business owner or his/her accountant. The purpose of this article is to give the reader insight into some of the commonly done balance sheet adjustments.
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