Another option is to shut the door to your room. Just because a home is small doesn't mean it doesn't have private spaces. Bedrooms can still be solitary sanctuaries in most cases.. There are other financial statements attached to your balance sheet such as the income and expense statement which ultimately shows you profit (or losses). When it comes to assets, do you understand the difference between tangible and intangible assets? If not, we'll explain them in depth and also.