Assertion: balance sheet | /r/HasProperty | balanced
Facets:
Source sentences:
text: In order to ensure the balance sheet is balanced, it will be necessary to compare total assets against total liabilities plus equity.
text: The company’s total assets need to equal total liabilities plus equity for the balance sheet to be considered “balanced.
text: It is called the Balance Sheet because it reports on Asset, Liability, and Equity accounts, and is meant to show that these three accounts balance according to the accounting equation:
text: This amount, when added to the overall liabilities of the business must be equivalent to the assets of the company so you can ensure that the balance sheet is actually balanced.