BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Assets = Liabilities + Shareholders’ Equity.

Detailed explanation-2: -A balance sheet is calculated by balancing a company’s assets with its liabilities and equity. The formula is: total assets = total liabilities + total equity. Total assets is calculated as the sum of all short-term, long-term, and other assets.

Detailed explanation-3: -Total Assets = Current Assets + Noncurrent Assets The total assets can be found in a financial statement called the balance sheet. In basic accounting, total assets are also equal to total liabilities and total stockholder’s equity.