Balance sheet

A balance sheet is a statement of the current assets and liabilities of a company. We can tell the material condition of an object by looking at it, whether its too rusty and is incapable of taking any more stress. A business can be pictured by looking at its balance sheet and has three parts the Assets, Liabilities and Shareholder's equity. Below is an example of a broken down company balance sheet that is available on financial websites such as aol finance, yahoo finance or the street.com.