Lol no there are many other things on the balance sheet😂. (If there wasn’t anything else on the balance sheet then I wouldnt even need to file schedule L). But for simplicty The problem is when the car is depreciated it is not balancing with the car loan as explained earlier ( the reason i know this is the problem is because it says the balance sheet is out of balance by a negative amount which is the depreciated car value minus the car loan down to the dollar.
