Balance sheet o Assets Liabilities+ Owners equity towed to= tOwed to +i Owed to others] the stockholders] o Therefore what is owed to the company always equals what is owed by the company. o a Balance sheet provides a picture of a company's assets liabilities and owner's equity at a single point in timeBalance Sheet Assets = Liabilities + Owners Equity {Owed to} = {Owed to + { Owed to Others } the stockholders} Therefore, what is owed to the company always equals what is owed by the company. A Balance Sheet provides a picture of a company’s assets, liabilities and owner’s equity at a single point in time