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:

    Partisanship should be kept out of the pulpit.... The blindest of partisans are preachers. All politicians expect and find more candor, fairness, and truth in politicians than in partisan preachers. They are not replied to—no chance to reply to them.... The balance wheel of free institutions is free discussion. The pulpit allows no free discussion.
    Rutherford Birchard Hayes (1822–1893)

    A speck that would have been beneath my sight
    On any but a paper sheet so white
    Set off across what I had written there.
    Robert Frost (1874–1963)