balance sheet


noun Accounting.

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
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Examples from the Web for balance sheet

British Dictionary definitions for balance sheet

balance sheet

noun

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

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Culture definitions for balance sheet

balance sheet

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.