What is off balance sheet?

Off-balance sheet financing means a company does not include a liability on its balance sheet. It is an accounting term and impacts a company's level of debt and liability.Partnerships are another common OBS financing item, and this is the way Enron hid its liabilities.

Off-balance sheet financing is any form of funding that avoids placing owners' equity, liabilities or assets on a firm's balance sheet.

For example Operating leases, Special-purpose entities, Sale of receivables, and Joint ventures.

Some of the asset or debt or any other financing activities not showing in the balance sheet, which is called off balance sheet (OBS)other way can say kind of omission in the balance sheet.

 what the company have from assets , liabilities during specified period