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 As interest is accrued the principal will begin to grow (assuming money is not withdrawn).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.
A balance sheet is a financial statement listing a company's assets, liabilities and owners' or shareholders' equity on a specific date. A balance sheet approach to an audit is a limited audit that only examines the accounts on a company's balance sheet. Balance Sheet Basics A balance sheet provides a synopsis of a company's financial position at a particular point in time, normally on the last day of an accounting period.