Assertion: balance sheet's asset | /r/HasProperty | equity
Facets:
Source sentences:
text: As a final point, just like the income statement, the balance sheet can also be drawn up at the start of the period with budgeted figures, and these budgeted figures (assets, liabilities, equity) can later be compared to actual results on a specific day.
text: Balance Sheets are also useful in summarizing your business’ assets, liabilities and owner’s equity (also known as shareholders’ equity).
text: total assets on the one side and total liabilities and owners’ equity on the other side, like a scale with equal weights on both sides.
text: In both balance sheet formats, the three major sections are assets, liabilities and shareholders’ equity.
text: It reflects the company’s assets, liabilities and owner’s equity.