Definition of balance sheet in English:

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balance sheet

Pronunciation: /ˈbaləns ˌSHēt/

noun

A statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period.
Example sentences
  • It also removes fixed-property assets from the balance sheet to the pension scheme.
  • An injunction does not appear on the debit side of the balance sheet as a liability.
  • It was not listed as an asset of the business in the partnership balance sheet.
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