A Balance Sheet is a statement of the financial position of a company which states the assets, liabilities and company's equity at a particular point in time.
* Balance sheet is a semi-itemized listing of all assets and liabilities of a company in order to arrive at a net worth, which is the difference between the assets and the liabilities
* COA Balance sheet displays the opening and closing amount, debited and credited amount for Assets and Liabilities
* Debit and credit amount should always be 0
* Opening and closing balance should always be same
(Path: Finance→ Reports→ Statements → COA Balance Sheet)
