The arrangement of data on a balance sheet. Possessions and liabilites tend to be listed as well as equity. AKA account form.
among the two common plans in which the information in a balance sheet is presented. Account format lists assets regarding left-hand side, and debts and owners' equity on right-hand side of the web page. In contrast, report format listings possessions along with the web page, then followed downward by liabilities and proprietors' equity. Also called account form.