BALANCE SHEET STRUCTURE: BALANCE ASSETS AND LIABILITIES

Abstract

To visually reflect the content of the balance sheet, a formal approach is used, according to which the form of presentation of the balance sheet is a table. The balance sheet is a table consisting of two parts (initially-the sides: left and right), one of which reflects the assets of the economic entity, and it is called the asset (A) of the balance sheet', the other shows the capital and liabilities of the economic entity, it is called the liability (P) of the balance sheet.