- a tabular statement of both sides of a set of accounts in which the debit and credit balances add up as equal.
- a statement of the financial position of a business on a specified date.
Origin of balance sheet
First recorded in 1830–40
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
Examples from the Web for balance sheet
But the trouble in Goldman-land, is not just of the financial, or balance-sheet variety.Has Goldman Lost Its Swagger?
February 18, 2009
There is no need for the British taxpayer to be alarmed at this balance-sheet.Home Rule
I have consulted Picard and shown him the rent-roll and balance-sheet I had already shown you.White Lies
And Gregory, at her request, had brought up the balance-sheet.El Diablo
You're the first Gabbai I ever knew who was satisfied with his balance-sheet.Ghetto Comedies
The end of the year, that is to say, the striking of the balance-sheet.Fromont and Risler, Complete
- 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
An orderly account of the assets of a company or individual and of the financial claims on those assets by others.
The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.