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:

    “What I want is a strange conjunction with you—” he said quietly; “Mnot meeting and mingling;Myou are quite right:Mbut an equilibrium, a pure balance of two single beings:Mas the stars balance each other.”
    —D.H. (David Herbert)

    Time that scatters hair upon a head
    Spreads the ice sheet on the shaven lawn;
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