A balance sheet is said to 'balance' because:
Explanation
The balance sheet balances because of the identity Assets = Liabilities + Owner's Equity, and double-entry bookkeeping records every transaction so that the identity holds. Revenue equalling expenses would mean zero profit, which is a coincidence and belongs to the income statement anyway. Assets equalling net profit confuses a stock of resources with a period result. And cash equalling liabilities would be an accident of one moment, not a rule.
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