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

Example sentences 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

Cultural 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.