Harmony Sheet: Rationalization, Parts, and Examples A balance sheet is a economical statement that reviews a company's assets, liabilities and shareholder equity at a certain point in time. The Accrual system is accustomed to record transactions when funds is obtained or compensated, regardless of in the event the transaction transpired. https://ajax-directory.com/listings214264/helping-the-others-realize-the-advantages-of-pnl