The expanded accounting equation builds upon the basic accounting equation's use of assets, liabilities and equity by incorporating additional components such as revenues, expenses and withdrawals.

If you're interested in investing, you've probably read quite a few articles that say "do your homework" before buying a stock. Reading and understanding a balance sheet is part of that homework.

Unlike single-entry accounting, which focuses on tracking revenue and expenses, double-entry accounting also tracks assets, liabilities and equity.

How to Read a Balance Sheet for Total Liabilities and Equity. A company's balance sheet has two sides: one side lists the company's assets, the other lists its liabilities and its owners' equity.

This is expressed in the basic accounting equation: Assets = Liabilities + Equity The assets section of the balance sheet lists all the things the company owns that have value.

Your balance sheet lists your company's assets, liabilities and equity; it is sometimes called your statement of net worth. A classified balance sheet is merely one that has been arranged so that ...

In some cases, the accounts on the balance sheet -- assets, liabilities, and equity -- can also shed light into items that would normally be found on the income or cash flow statement.

Discover the key differences between debits vs credits in accounting — debits increase assets, while credits boost liabilities and equity.

In the past five years, cryptocurrency has gone from a rare and seldom-used form of currency to a headline-grabbing monetary instrument that has the potential to change the way business is conducted.

The balance sheet is so named because all of the assets have to equal, or balance out to, the liabilities and shareholder equity.

With some additional information, it's entirely possible to calculate net income from assets, liabilities, and equity reported on a balance sheet. Here's how to do it under three circumstances.