Balance sheet template is one of the most important financial statements of the business. This is the statement of the assets and liabilities of a business. All assets are mentioned on one side of the statement and liabilities on the other. Results shown in this statement are then used for calculating different financial ratios and making business decisions. The assets side of the balance sheet includes current and fixed assets and the liabilities side includes all long term and short term liabilities along with owners equity. A balance sheet may be prepared after six months or a year depending on…