Accounts that appear on a balance sheet are the items that make up an entity’s financial position. They include assets, liabilities and equity. Assets are resources owned by the entity and can include cash, inventory, accounts receivable, furniture and equipment. Liabilities are obligations to others and can include credit card balances, loans and accounts payable. Equity is ownership in the company or the amount left on the balance sheet after subtracting liabilities from assets. Every account on a balance sheet is related to one another in order to produce an accurate picture of the company’s overall fiscal health.