balance sheet


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.

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

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

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