Balance sheet

A balance sheet is like a scale you use to measure how much someone has. It's used to measure how much money a business has. The left side of the balance sheet shows all the things a business owns, like cash, cars, buildings, and supplies. The right side of the balance sheet shows all the money the business owes, like loans and bills. The two sides have to be balanced, meaning they should have the same amount of money. That's why its called a balance sheet.