Definition of balance sheet in English:

balance sheet

Syllabification: bal·ance sheet

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.
    More 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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Word of the day kerf
Pronunciation: kəːf
noun
a slit made by cutting with a saw