The financial statement that lists all assets, liabilities, and owner's equity is the balance sheet. Traditional balance sheets list the assets on the left column and list liabilities and equity on the right column. This is based on the accounting equation where Assets = Liabilities + Owner's equity. In recent times, due to the diversion from the manual computation of the balance sheet to the use of technology in making them, balance sheets now list assets, liabilities, and owner's equity on a single page in a step-wise manner starting from assets, then liabilities, and finally, owner's equity.