This balance sheet shows a company's assets and liabilities for the month ending. On the assets side, it lists current assets like cash, accounts receivable, inventory and investments. It also includes long-term assets such as land, buildings, vehicles, equipment and intangible assets. On the liabilities side, it separates current liabilities such as accounts payable, notes payable and taxes from long-term liabilities. The balance sheet provides a snapshot of the company's financial position at a point in time.