Balance Sheet Equation Pdf. Where liabilities it is a claim on the asset of the company by other firms banks or people. Au 2s 3 h 2.
Na 3aso 3 h 2. So here we are providing the balance sheet equation unit 1 final accounts module c accounting finance for bankers paper 2. What is a balance sheet.
We can express the same as.
Net assets are total assets less total liabilities. The balance sheet equation forms the building blocks for the entire double entry accounting system. The capital and reserves is also known as the proprietors funds or shareholders funds. N 2 g o 2 g h 2o.