A balance sheet summarizes an organization or individual's assets, equity and liabilities at a specific point in time.

Credit accounts are Revenue, Equity and Liabilities.

For example, a typical Balance Sheet contains Assets, Equity and Liabilities.

This will be a balance sheet charge based upon the total chargeable equity and liabilities as reported in the relevant balance sheets of affected banks, banking and building society groups at the end of a chargeable period.

Mechanisms in the United States and Europe to record and signal the crucial knowledge that determines whether it is reasonable to grant private credit - who has the property rights over the assets, equity and liabilities, and therefore holds the risks, and what the opportunities are - are no longer reliable.