The term 'Balance Sheet Heading' refers to the two main categories of a balance sheet, which are Payables (8 letters) and ASSETS (6 letters). Payables are liabilities that a company owes to its creditors, such as accounts payable, wages payable, and taxes payable. ASSETS are resources owned by a company, such as cash, inventory, and property. Together, these two categories form the basis of a balance sheet, which is a financial statement that provides an overview of a company's financial position.