Accounting Equation - Balance Sheet

Balance Sheet

An elaborate form of this equation is presented in a balance sheet which lists all assets, liabilities, and equity, as well as totals to ensure that it balances.

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Famous quotes containing the words balance and/or sheet:

    It has been the struggle between privileged men who have managed to get hold of the levers of power and the people in general with their vague and changing aspirations for equality, for justice, for some kind of gentler brotherhood and peace, which has kept that balance of forces we call our system of government in equilibrium.
    John Dos Passos (1896–1970)

    No Time, spoke the clocks, no God, rang the bells,
    I drew the white sheet over the islands
    And the coins on my eyelids sang like shells.
    Dylan Thomas (1914–1953)