What if we made a statement that shows your financial position at a specific point in time?

What if we made a statement that shows your financial position at a specific point in time? Why would we do that? The income and cash flow statements are for a period of time. Exactly. This way we could just make accounting more complicated for absolutely no reason whatsoever. Yes, we should add depreciation to the balance sheet too. But that's an income statement item. Why not make it both just to confuse people even more? Love it. Let's make it a liability. Or we can make it an asset that acts like a liability. Yes. We'll call it a contra asset, whatever that means. No matter how hard you try, you should not be able to make your balance sheet balance, even though balance is literally in the name. But the coworker can just easily generate a step-by-step guide with screenshots using Scribe showing you how to do the process and you can refer back to it as many times as you want. Yes, we'll teach that assets go on the left and liabilities and equity go on the right, even though in real life assets will go on the top and everything else underneath. We should also track assets, shares, and just about everything else at the price that was initially paid, even if it's worth way more or way less. Love it, because who needs accuracy when you have accounting rules? I really think we're onto something here.