Definition of balance sheet

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TeachMeFinance.com



balance sheet -- Financial statement showing assets on the left side and liabilities on the right. A balance sheet provides an overview of a company's financial position at the given time.

another definition...

Balance Sheet -- Financial statement listing a company's assets, liabilities, and equity on a specific date.

another definition...

balance sheet -- a financial statement that contains the types and amounts of assets, liabilities and net worth of a company, institution or individual. Also called a statement of condition.

historic definition...

Balance sheet -- A statement in tabular form showing assets and liabilities, profit and loss.



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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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