The Balance Sheet Formula
The sections of a balance sheet should balance. The assets total equals the sum of the liabilities and equity. If a company has $1,000 in assets, the liabilities and equity should also add up to $1,000.
The sections of a balance sheet should balance. The assets total equals the sum of the liabilities and equity. If a company has $1,000 in assets, the liabilities and equity should also add up to $1,000.
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