Shanghai Accounts Payable vs Retained Earnings Analysis
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Balance Sheet is a snapshot of the financial position of Shanghai Shuixing Home at a specified time, usually calculated after every quarter, six months, or one year. Shanghai Shuixing Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shanghai Shuixing and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Shanghai currently owns. An asset can also be divided into two categories, current and non-current.