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Which side of a balance sheet outlines a company's assets and liabilities?

The left side of the balance sheet outlines all of a company’s assets. On the right side, the balance sheet outlines the company’s liabilities and shareholders’ equity. T he assets and liabilities are separated into two categories: current asset/liabilities and non-current (long-term) assets/liabilities.

Where do assets and liabilities go on a balance sheet?

So, to recap, you'll find the assets (what's owned) on the left of the balance sheet, liabilities (what's owed) and equity (the owner's share) on the right, and the two sides remain balanced by adjusting the value of equity. And there you have it!

What are assets on a balance sheet?

The assets are the operational side of the company, basically a list of what the company owns. Everything listed there is an item that the company has control over and can use to run the business. In a sense, the left side of the balance sheet is the business itself – the buildings, the inventory for sale, the cash from selling goods, etc.

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