text: A balance sheet has the following components:\n\nAssets\n     Current Assets (e.g. cash, receivables)\n     Inventory\n     Fixed assets (e.g. equipment, vehicles)\n\nLiabilities\n     Current liabilities (trade payables, etc.)\n     Long-term liabilities (anything payable more than one year from now)\n\nEquity\n     Retained earnings\n     Any share capital issued.\n\nTotal liabilities + total equity must equal total assets.