The sum of all customer accounts receivable is listed as a current asset on the balance sheet. Total Assets Things that you own that have lasting value. Total Inventory Goods you hold for sale to customers. Inventory can be merchandise you buy for resale, or it can be merchandise you manufacture or process, selling the end product to the customer. What your business owes creditors.
Liabilities are balance sheet accounts.
Examples are accounts payable, payroll taxes payable, and loans payable. Obligations measurable in monetary terms that represent amounts owed to creditors, governments, employees, and other parties. Equity Capital Is often referred to as risk capital. It is capital invested by an outside party in a business, either as equity, or as a form of secondary debt. These funds rank behind all other secured creditors.