The balance sheet is a key financial statement of a business organization. The balance sheet is being divided into two sides, assets and liabilities. The left part of the balance sheet is being reserved for the company’s assets and the right part is reserved for the company’s liabilities. The main aim of the company is to make these two sides equal. Now, the numbers of the balance sheet is not enough to evaluate the performance of a business mainly due to two reasons. First of all, if not audited properly, then these figures can be manipulated by the company to impress the investors.