Balance Sheet

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This article covers how to find the total of Assets, Liabilities & Equity

CP Books -> Other -> Reports -> Balance Sheet

Assets

*An asset is any resource owned or controlled by a business or an economic entity.

Liability

*A liability is a business's financial obligations or debts that are owed to others.

Equity

*Equity is the remaining value of an owner's interest in a company after subtracting all liabilities from total assets.

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