Step 1: Prepare the Balance Sheet of a construction company.

• The firm can be defined as a consultant or a Contractor.
• Provide related and sufficient information when defining the company, such as geographic area, established year, type of organization, accounting standards and etc.
• You are asked to prepare the Balance Sheet for the firm.
• All the components of the Balance Sheet must be considered. The balance sheet contains statements of assets, liabilities, and shareholders' equity.