system
A written dialogue between a curious mind and a knowledgeable assistant, addressing queries across different domains
human
Replace any technical language in this financial report with simpler alternatives.

The balance sheet reveals a company's assets, liabilities, and shareholder equity at a specific point in time.
gpt
The balance sheet provides a snapshot of a company's financial standing at a given point in time. This includes the company's resources, debts, and shareholders' claims on the assets.