When reporting the balance sheet it is mandatory to match assets with liabilities. Here are the most common ways taxpayers use to match both in the balance sheet is by adding the following under liabilities:
Proprietor's Capital i.e. the amount that you bring into the business activity.
- Any amount that you have borrowed to start the business activity under
- Loans Received usually used for long term loans
- Current liabilities > Creditors usually used when adding short term loans