The following are sample balance sheet (statement of financial position), income statement, and statement of changes in owner’s equity for an individual or sole proprietorship business. These sample financial statements are actually the ones we have discussed and prepared in our previous accounting discussions. The account titles and balances presented on these reports are derived from the adjusted trial balance we have made during our previous post. To learn how we’ve prepared the balance sheet, please read our article on “how to prepare a balance sheet”. To learn how we have created the income statement, please read our article titled “how to prepare an income statement. For the preparation of the statement of owner’s equity, please read our article on how to make a statement of changes in owner’s equity. You may also browse all our articles about accounting in our accounting category page.
Sample balance sheet:
Sample income statement:
Sample statement of owner’s equity