balance sheet

noun

Accounting.

1. a tabular statement of both sides of a set of accounts in which the debit and credit balances add up as equal.

2. a statement of the financial position of a business on a specified date.

balance sheet

noun

1. a statement that shows the financial position of a business enterprise at a specified date by listing the asset balances and the claims on such assets

balance sheet

1. An orderly account of the assets of a company or individual and of the financial claims on those assets by others.

Word History and Origins

Origin of balance sheet¹

First recorded in 1830–40