How to explain B、S format：equity？

B/S format refers to the balance sheet format, where assets are listed on the left-hand side (debit side) and liabilities and equity are listed on the right-hand side (credit side). Equity represents the residual interest in the assets of the company after deducting liabilities. It includes the initial investment by shareholders, retained earnings, and other comprehensive income. The B/S format is a standardized way of presenting a company's financial position and is widely used in financial reporting.