<|im_start|>user
What is a Balance sheet?<|im_end|>
<|im_start|>assistant
A balance sheet is a summary of an organisation's financial position. It lists the values, in the books of account on a particular date, of all the organisation's assets and liabilities. The assets and liabilities are grouped in categories, to paint a picture of the organisation's strengths and weaknesses.<|im_end|>
