What items on the left side (or top) and what items on the right side (or bottom)

Question:

What items on the left side (or top) and what items on the right side (or bottom) of a firm’s should receive the greatest scrutiny? In regard to each of these items, what are the most important factors that a new venture should focus on to maintain its overall financial health?
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...