Investing experts view the balance sheet as a snapshot of a company's health at a certain point in time. It's a summary of how much a company owns in assets, owes in liabilities and the difference ...

Contra liabilities are not seen on a balance sheet as often as contra assets. Discount on bonds payable is a result of a bond issued for less than the face value of the bond.

A balance sheet, also known as a statement of financial position, reveals the overall financial health of a business at a specific point in time. The asset section, which always lists assets ...