Balances are simple accounting procedures used to aid in the overall analysis of a process 's viability.
Exactly how ; a process is run, often determines much regarding what the balance equations will look like.What are some of the characteristics that a running process may have ?
What are quantities for which we can write balances ? Just like a checkbook, we can have inputs / deposits / credits and we can have outputs / withdrawals / debits.What are some of the ways in which these ins and outs can occur ? What happens if we put more in than we take out ?
Now that we have written our balance equations, how can we concisely depict the information that we require to actually do the balance (or show our results after we have completed the balance) ?