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:

    At last I feel the equal of my parents. Knowing you are going to have a child is like extending yourself in the world, setting up a tent and saying “Here I am, I am important.” Now that I’m going to have a child it’s like the balance is even. My hand is as rich as theirs, maybe for the first time. I am no longer just a child.
    —Anonymous Father. Ourselves and Our Children, by Boston Women’s Health Book Collective, ch. 5 (1978)

    You take the lake. I look and look at it.
    I see it’s a fair, pretty sheet of water.
    I stand and make myself repeat out loud
    The advantages it has....
    Robert Frost (1874–1963)