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.

Nearby words

  1. balance of power,
  2. balance of terror,
  3. balance of trade,
  4. balance pipe,
  5. balance shaft,
  6. balance spring,
  7. balance staff,
  8. balance the books,
  9. balance weight,
  10. balance wheel

Origin of balance sheet

First recorded in 1830–40

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019

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.