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.
Read more about this topic: Accounting Equation
Famous quotes containing the words balance sheet, balance and/or sheet:
“Bourgeois society is infected by monomania: the monomania of accounting. For it, the only thing that has value is what can be counted in francs and centimes. It never hesitates to sacrifice human life to figures which look well on paper, such as national budgets or industrial balance sheets.”
—Simone Weil (1909–1943)
“Daily life is governed by an economic system in which the production and consumption of insults tends to balance out.”
—Raoul Vaneigem (b. 1934)
“As many lies as will lie in thy paper, although the sheet were big enough for the bed of Ware in England.”
—William Shakespeare (1564–1616)