2. Which of the following on a Balance Sheet would cause concern for you? Use the sample Balance Sheet provided   Notes & Comments Current Assets     10350 Bank Chequing $75,992   10857 Visa Credit Card -$226   12000 Accounts Receivable $21,296   13500 Inventory Assets $27,791   14990 Hold Backs -$275   Total Current Assets $124,578     Liabilities & Equity     20000 Accounts Payable $22,063   22100 Unapplied Cash $8,716   29300 Shareholder Loan $24,410   35600 Retained Earnings $52,416   Net Icome (Current Year) $16,873   Total Liabilities & Equity $124,478

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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.