Do anyone know what are the 4 sections of Balance sheet and how Balance Sheet is tallied with this 4 sections?

The four sections of balance sheet are;1.
Assets2.
Liabilities3.
Owner equity (OE)4.
Increase or decrease of OE It is prepared normally in two columns.
Left (Assets), Right (Liabilities+OE) The formula is; Assets= Liabilities+OE If the left side (Asset) is greater than the right side (Liabilities+OE), the profit or OE increases or vice-versa.

• Assets
• Liabilities
• owner's equity
  • it is called balance sheet because

    owner's equity=Assets-liabilities

According to the US GAAP, the balance sheet is presented as follows: Current Assets Non-current assets Current Liabilities Non-current Liabilities Equity

Balance sheet is a statement containing Liabilities and Assets, Liabilities may be Fixed liability or Current liability, like wise Asset also be Fixed or Current.At the time of , we have two options,1)on the basis of liquidity of assets2)on the basis of permanancy.

in total there are5 sections NON CURRENT ASSETS CURRENT ASSETS EQUITY NON CURRENT LIABILITIES CURRENT LIBILITIES   balance sheet equals when: non curren asset+ current assets = equity + non current liabilities + current liabilities in short balance sheet is a simple accounting equation i.e assets = capital - liabilities

Balance sheet is a statement containing Liabilities and Assets, Liabilities may be Fixed liability or Current liability, Asset also may be Fixed or Current.
at preparation time, there we have two choice to prepare, preparation on the basis of liquidity of assets or may be on the basis of permanancy.
when you select liquidity order, add all current assets first,then after fixed.
it is based on how fast the asset converted into cash, so first item is cash in hand and second may be bank.
According to permanancy order, you have to add fixed assets first, then current.

ACCOUNTS TREE IS (REVENU - EXPENSS- ASSET - LIABILITES ) REVENU MINUS EXPENSS MEAN( NET PROFIT ) OR( LOSS ) THIS RESULT FROM OUR ACTIVITY BALANCE SHEET ASEET = LIABILITES + OWNER EQITY NOW LETS START OUR ASSET COM FROM TWO ACCOUNT COMPANY WE DEAL WITH AND OWNER , IF WE HAVE NET PROFIT SO EQITY WILL INCREAS BY THE SAME AMOUNT ASSETS INCRESED AND CROSS WITH LOSS ,ASSET WILL DECRESE BY THE SAME AMOUNT WE LOSS AND OWNER

The four sections are: On the Assets side, we have Fixed Assets and Current Assts. Whil on the Capital and liablity side we have the Capital and Liabilities. The Liabilities may contain current and long term.

 

Under normal circumstance, both the Assets and Capital/Liabilties side must balance. That is if you are using T-Format of Balance Sheet.

 

If you are using straight line, The calculation is Assets minus Liabilities equal Owners Equity.

The four sections of a balance sheet are Assets1.Current (or short term) assets2.Fixed Assets (non current assets/long term assets) Liabilities3.Current Liabilities4.
Non Current Liabilities ( long debt + owner's equity) Besides this there are two other methods to tail a balance sheet.

four sections FIXED ASSETS,CURRENT ASSETS,CURRENT LIABILITY ,NON CURRENT LIABILITY, every assets are related to liability and vice versa for eg:1 if we take shot term loan ,it has two parts assets side part is cash and liabity part is loan2.if we making lonterm investment there are two parts,asset part investment increased and liability part is captal increased