Changes

A '''balance sheet''' is a one of the fundamental [[accounting]] [[statement]]. It provides a "snapshot" of a financial entity's assets, liabilities, and total equity at a fixed point in time. Less commonly, it is also referred to as a '''statement of financial position'''.<ref>[http://www.accountingcoach.com/terms/B/balance-sheet.html Balance sheet definition]</ref>

A '''balance sheet''' is a one of the fundamental [[accounting]] [[statement]]s. It provides a "snapshot" of a financial entity's [[asset]]s, liabilities, and total [[equity]] at a fixed point in time. Less commonly, it is also referred to as a '''statement of financial position'''.<ref>[http://www.accountingcoach.com/terms/B/balance-sheet.html Balance sheet definition]</ref>

==Difference in Standards==

==Difference in Standards==