The question
"A family friend says his restaurant is 'doing ₹40 lakh a year'. Another says his is 'worth ₹1 crore'. Are those the same kind of claim? Could one be true and the other hollow?"
A company cannot speak, so it hands you three documents that do the talking. The balance sheet is the X-ray: it shows what the business owns and owes on one specific day — its skeleton, not its running performance.