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Why Balance Sheet rather assets and liabilites stmt

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(Querist)
11 November 2008 why should we call it as Balance sheet rather Statement of assets and liabilites since it shows liabilites and assets
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
11 November 2008 And also shows how they are balanced by the balancer viz., Equity Funds!
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A J Sankar

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A J Sankar (Querist)
11 November 2008 Balancer?! It is of same meaning that of Equity funds?
But it shows not only with equity funds but with all long term funds?
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
11 November 2008 THat is because long term funds other than equity are liabilities.
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A J Sankar

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A J Sankar (Querist)
11 November 2008 thank q sir

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