One business accounting excercise is to create several financial statements in order to measure the company’s performance and future growth. The balance sheet is one of those statements. Once completed, it will help to determine how to increase profitability and cash inflows. This site will help you understand the purpose of the balance sheet as well as guiding you through its components. It also explains the difference(s) between your business’ assets and liabilities.
Click here to start your business’ balance sheet.