An example of a simple negative feedback is your body's cooling mechanism. When your body temperature rises, you begin to sweat. The evaporation of this sweat from your skin cools your body and your temperature returns to normal.n example of a simple positive feedback in everyday life is the growth of an interest-earning savings account. As interest is accrued the principal will begin to grow (assuming money is not withdrawn). As the principal grows, even more interest will be accrued, quickening the rate of principal growth.
Balance sheet - Types. 1  A balance sheet summarizes an organization or individual's assets, equity and liabilities at a specific point in time. Two forms of balance sheet exist. They are the report form and the account form.
Net profit and taxable income can be different becuase for tax purposes some expenses may or may not be allowable and some income may be assessable or not assessable. Balance sheet. A balance sheet is a snapshot of what a business owns (assets) and owes (liabilities) at a specific point in time. A balance sheet is usually completed at the end of a month or financial year and is an indicator of the financial health of your business. A balance sheet is in three sections: 1  assets â including cash, stock, equipment, money owed to business, goodwill. 2  liabilities â including loans, credit card debts, tax liabilities, money owed to suppliers. 3  ownerâs equity â the amount left after liabilities are deducted from assets.