A balance sheet plus is the sum of all ASSETS, which are items of economic value owned by a business. ASSETS can include cash, accounts receivable, inventory, investments, and property. Liabilities and equity are also included in a balance sheet plus. Liabilities are obligations of the business, such as loans and accounts payable, while equity is the difference between ASSETS and liabilities. The total of all ASSETS, liabilities, and equity is referred to as a balance sheet plus.