response: Oh, you mean a statement of financial position. Well it is a summary of a person's or organization's financial balance.
original_response: It is something like a tool used by the accountant. It is contains a  a summary of the financial balances of an individual or organization
history: Hey, I was trying to learn a little bit more about accounting Are you good in mathematics, as it deals with the measurement, processing, and communication of financial information about economic entities. Yah, I am pretty good at math, I do a lot of computer science and work with a lot of math there. I would love to learn more about how to create basic accounting documents Cool, I'm not able to guide you on making accounting documents but can tell you that if you practice accounting, you are known as an accountant. Could you tell me more about what a balance sheet is?
knowledge: In financial accounting, a balance sheet or statement of financial position is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as Government or not-for-profit entity.