Receivables: for example, if you lend someone £100 down the pub and you were to draw up a personal balance sheet, and that would be a little bit of a sad thing to do, they owe you the money in ...

A balance sheet is made up of a company's assets ... dictates a larger asset base—higher levels of inventory, receivables, and fixed assets (plant, property, and equipment, or PPE).

The company's accountant records $1,000, the invoice amount, as a debit or DR in the accounts receivables section of the balance sheet because that is an asset account. The company records that ...