📌 Purpose:
Shows a company’s financial position at a point in time.
🧾 Format:
| Assets | ₹ | Liabilities & Equity | ₹ |
|---|---|---|---|
| Cash | 10,000 | Accounts Payable | 5,000 |
| Equipment | 30,000 | Owner’s Capital | 35,000 |
| Total | 40,000 | Total | 40,000 |
💡 Tip:
Always check that Assets = Liabilities + Equity
