Assertion: balance sheet's side | /r/HasProperty | equal
Facets:
value: to the right side
type: OTHER
Source sentences:
text: The balance sheet has two sides that must be equal or balance each other out.
text: In this case, the $60,000 in liabilities is assumed because the two sides of the balance sheet must be equal so in this case, the following formula can be used:
text: Following is a sample balance sheet, which shows all the basic accounts classified under assets and liabilities so that both sides of the sheet are equal.
text: The easiest way to check a balance sheet for mistakes is to see if the right side of the balance sheet (total assets) are equal to the right side (liabilities plus owner’s equity).
text: Each side of the equation has to be equal, as you make purchases with either debt or capital.