how to prepared the expenditure sheet and Balance sheet

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To prepare an expenditure sheet, gather all expense records and categorize them. To prepare a balance sheet, list assets, liabilities, and equity.

For an expenditure sheet, collect all expense records including receipts, invoices, and bills.
Categorize the expenses into different categories such as salaries, rent, utilities, supplies, etc.
Calculate the total expenditure for each category and the overall expenditure.
For a balance sheet, list all assets such as cash, accounts receivable, inventory, property, etc.
List all liabilities such as loans, accounts payable, and accrued expenses.
Calculate the total assets and total liabilities.
Calculate the equity by subtracting total liabilities from total assets.
Ensure that the balance sheet follows the accounting equation: Assets = Liabilities + Equity.

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