👉 Microbalance is a term used in accounting, particularly in financial reporting and analysis, to describe the process of comparing the balance sheet of an entity with its income statement. It involves analyzing the assets, liabilities, and equity sections of a company's financial statements to determine whether they are in line with their respective accounts. The goal is to ensure that the financial statements accurately reflect the entity's financial position, including its ability to meet its obligations under contracts and agreements, and its overall liquidity and solvency
