A balance sheet is a financial statement that accounts for a business's assets, liabilities, and shareholders' equity at a specific time.

Balance Sheet Formats. Standard accounting conventions present the balance sheet in one of two formats: the account form (horizontal presentation) and the report form (vertical presentation).

Common-size percentages, used in analyzing the balance sheet and also the income statement, are a calculation that sets each line item as a percent of one standard amount. On the balance sheet ...

Balance Sheet Formats . Standard accounting conventions present the balance sheet in one of two formats: the account form (horizontal presentation) and the report form (vertical presentation).