A balance sheet is organized in order of the accounting equation, with liabilities first, followed by assets and shareholders' equity.

Name: A balance sheet is organized in order of the accounting equation, with liabilities first, followed by assets and shareholders' equity.
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A balance sheet is organized with assets first, followed by liabilities and shareholders' equity, reflecting the accounting equation: Assets = Liabilities + Shareholders' Equity.

A Balance Sheet Is Organized in Order of the Accounting