CrackerJack Accounting

Money Strategist for Small Businesses

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The Balance Sheet – A Visualization & Explanation

October 18th, 2008 2 Comments

 
Ask any accountant and they’ll spout off the balance sheet equation (Assets = Liabilities + Owner’s Equity).  Ask most everyone else, and they’ll either look at you blankly or have a hard time remembering what goes where in that equation.  It’s simple, really, if you just picture it.

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