Definition of Balance sheet

1. Noun. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets.

Generic synonyms: Record

Definition of Balance sheet

1. Noun. (accounting): A summary of a person's or organization's assets, liabilities and equity as of a specific date. ¹

¹ Source:

Balance Sheet Pictures

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Lexicographical Neighbors of Balance Sheet

balance-of-payments problem
balance beam
balance beams
balance board
balance boards
balance of international payments
balance of payments
balance of power
balance of probabilities
balance of trade
balance out
balance sheet (current term)
balance sheets
balance the books
balance theory
balance transfer
balance wheel
balance wheels
balanced anaesthesia
balanced articulation
balanced bite
balanced budget
balanced chromosome
balanced diet

Literary usage of Balance sheet

Below you will find example usage of this term as found in modern and/or classical literature:

1. Auditing Theory and Practice by Robert Hiester Montgomery (1912)
"Every such report and balance sheet shall be read before the company at the next general meeting. Any auditor who shall willfully or through gross ..."

2. The Trust Problem by Jeremiah Whipple Jenks (1901)
"Every such report and balance-sheet shall be read before the company at the next general meeting. Any auditor who shall wilfully or through gross negligence ..."

3. The Philosophy of Accounts by Charles Ezra Sprague (1908)
"CHAPTER V THE balance sheet ITS IMPORTANCE — ITS CONSTITUENTS — How ... The balance sheet of proprietorship is a summing-up at some particular time of all ..."

4. 20th Century Bookkeeping and Accounting: A Treatise on Modern Bookkeeping by James Williams Baker (1917)
"Prepare a Statement of the Business consisting of the balance sheet and Profit and Loss statement from each of the following Trial Balances. ..."

5. Transactions by East Hertfordshire Archaeological Society (1903)
"The Council, in presenting to the members the fifth Annual Report and Balance Sheet, are again able to report ail increase in the membership, ..."

6. Accounting in Theory and Practice: A Text-book for the Use of Accountants by George Lisle (1906)
"It is supported on the ground that, as the balance sheet is the account of a concern, that concern should be credited with all the assets and debited with ..."

7. Accounting Theory and Practice by Roy Bernard Kester (1918)
"sheet, then, and then only, should a consolidated balance sheet be used. A fine distinction must sometimes be drawn to determine when it is more desirable, ..."

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