Assertion: balance sheet's section | /r/HasProperty | liability
Facets:
value: in both balance sheet formats
type: OTHER
Source sentences:
text: A balance sheet has three sections: assets (what the business owns), liabilities (what the business owes both now and in the future) and owners’ equity (assets + liabilities).
text: In both balance sheet formats, the three major sections are assets, liabilities and shareholders’ equity.