Read the article below about how to read a balance sheet. Choose the best word to fill each gap.

How to read a balance sheet

A balance sheet is not like a Profit and Loss account, which is a record of the business transacted in a year and the profits (or losses) produced as a result. A balance sheet can be --Select the word-- consider thought imagined treated of as a photograph, a moment --Select the word-- to on in at time (usually the last day of the company’s financial year) which shows exactly what the business owns. These may be buildings, cash, stocks or debts, i.e. amounts of money --Select the word-- given owed borrowed paid to the business by customers. A balance sheet may change from one year to the next if, for example, a company sells one of its factories, if it --Select the word-- raises asks requires earns more money from its shareholders, if it repays some debt to the bank, or if it builds up its inventory of --Select the word-- completed controlled perfected finished goods.
But whatever happens to the composition of the assets of the business, any overall change in asset --Select the word-- worth rate value quality is reflected in the balance sheet. There is one further --Select the word-- fact point idea view to be made. Although the principle of a balance sheet is to have assets on one side and liabilities on the other, the fact is that - especially for public companies -shareholders want to be able to see what their --Select the word-- stake part ownership slice in the company is worth.
So a tradition has --Select the word-- arisen brought grown come up which has meant that ‘Creditors’ is actually moved to the assets side as a negative amount. Structuring the balance sheet like this is simply a matter of --Select the word-- importance emphasis force meaning . There is no commercial reason for presenting it in this way.