There are certain steps to read a balance sheet … While the balance sheet … It explains in detail that what the business owes, what it owns and to whom the money belongs to. The Balance Sheet tells investors how much money a company or institution has (assets), how much it owes (liabilities), and what is left when you net the two together (net worth, book value, or … Balance Sheet Templates. Balance sheet (also known as the statement of financial position) is a financial statement that shows the assets, liabilities and owner’s equity of a business at a particular date.The main purpose of preparing a balance sheet is to disclose the financial position of a business enterprise at a given date. Balance sheet is a polaroid of a financial health of a business on a given day. Whether you are a business person or student of business, our business forms will assist you in preparing financial statements, financial ratios, break-even calculations, depreciation, standard cost variances, and much more. Our package of 80+ business forms (available when you join PRO or PRO Plus) include the following balance sheet …