A balance sheet reports a business’s assets, liabilities and equity at a specific point in time. A balance sheet is broken into two main sections: assets on one side and liabilities and equity on the other side. The two sides must balance out, meaning they should be equal to one another. Balance Sheet Example Sample Balance Sheet. Most accounting balance sheets classify a company's assets... Balance Sheet Templates. Whether you are a business person or student of business,... Notes To Financial Statements. The notes (or footnotes) to the balance sheet and to... Financial Ratios. ...

So if you run a business and look forward to getting hold of potential investors, or if you are eyeing in approaching lenders, the first thing someone will ask you for, will be a financial report or in simple words a balance sheet. For be it any business, the financials which needs a thorough reviewing is in the form a balance sheet. A balance sheet is an extended form of the accounting equation. An accounting equation is: Assets = Liabilities + Equity. Assets are the resources controlled by a business, equity is the obligation of the company to its owners and liabilities are the obligations of parties other than owners.