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  2. The balance sheet captures a manufacturing company's assets, liabilities and capital, or owners equity, at a specific point in time, generally the end of the month or year. The balance sheet shows what companies own and what they owe, both to external parties and to owners.
    smallbusiness.chron.com/items-should-balance-sh…
    The balance sheet of manufacturing company comprises the number of assets it owns, along with the capital and liabilities, equity of the owners, etc., at a given point of time, which is generally the year or month-end. In short, the balance sheet shows the owners and the external parties what the company owns and owes.
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