The result is the equity/net worth of a business or person. The biggest mistakes people make when creating a balance sheet is leaving items off and using incorrect market values for assets ...

Investors often focus myopically on earnings, but a company's balance sheet — its financial strength, is also key.

(Let's make sure we have a tight credit policy ... they are expensed as cost of sales - not before! As you can see, all business transactions affect the balance sheet, but not all transactions affect ...

A basic tenet of double-entry book-keeping is that total assets (what a business owns) must equal liabilities plus equity (how the assets are financed). In other words, the balance sheet must balance.