balance sheet

Definition
A quantitative summary of a company's financial condition at a specific point in time, including assets, liabilities and net worth. The first part of a balance sheet shows all the productive assets a company owns, and the second part shows all the financing methods (such as liabilities and shareholders' equity). also called statement of condition.




balance sheet is ...
... part of the
Accounting and Investor Relations subjects.


Related Terms

accounting equation -
accounts receivable -  More
book value -  More
annual report, current assets, current liabilities, financial statement, financial structure, goodwill, long-term assets, pro forma, accounts payable, accrued interest  and  


balance sheet appears in the definitions of these other terms on BusinessDictionary.com

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