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$4,000 is an accurate description of the bank's balance sheet immediately after the deposit.
In financial accounting, a balance sheet (additionally called a declaration of an economic function or assertion of financial circumstance) is a summary of the economic balances of a character or organization, whether or not it be a sole proprietorship, a commercial enterprise partnership, an employer, private confined enterprise or different company along with authorities or not-for-income entity. assets, liabilities and ownership fairness are indexed as of a specific date, which includes the cease of its economic 12 months.
Of the 4 primary financial statements, the balance sheet is the most effective announcement which applies to a single point in time of a business's calendar 12 months. A widespread organization balance sheet has aspects: belongings on the left, and financing on the right–which itself has components; liabilities and possession fairness. the primary categories of property are commonly indexed first, and generally so as of liquidity.
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