What is a term for the elements of a balance sheet? Specifically I need a term that includes assets, liabilities, and owners equity. This term (t) needs to be one where I can say x "is a" t where x varies over the terms assets, liabilities, and owners equity.
I would refer to that most simply as "position". Its not perfect but I think it fits your use above.
The balance sheet is also known as the statement of financial position and it reflects the accounting equation. The balance sheet reports a company's assets, liabilities, and owner's (or stockholders') equity at a specific point in time.