Definitions for balance sheet
bal·ance sheet

Princeton's WordNetRate this definition:0.0 / 0 votes

1. balance sheetnoun

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

WiktionaryRate this definition:0.0 / 0 votes

1. balance sheetnoun

   A summary of a person's or organization's assets, liabilities and equity as of a specific date.

WikipediaRate this definition:0.0 / 0 votes

1. Balance sheet

   In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity. Assets, liabilities and ownership equity are listed as of a specific date, such as the end of its financial year. A balance sheet is often described as a "snapshot of a company's financial condition". Of the four basic financial statements, the balance sheet is the only statement which applies to a single point in time of a business's calendar year. A standard company balance sheet has two sides: assets on the left, and financing on the right–which itself has two parts; liabilities and ownership equity. The main categories of assets are usually listed first, and typically in order of liquidity. Assets are followed by the liabilities. The difference between the assets and the liabilities is known as equity or the net assets or the net worth or capital of the company and according to the accounting equation, net worth must equal assets minus liabilities.Another way to look at the balance sheet equation is that total assets equals liabilities plus owner's equity. Looking at the equation in this way shows how assets were financed: either by borrowing money (liability) or by using the owner's money (owner's or shareholders' equity). Balance sheets are usually presented with assets in one section and liabilities and net worth in the other section with the two sections "balancing". A business operating entirely in cash can measure its profits by withdrawing the entire bank balance at the end of the period, plus any cash in hand. However, many businesses are not paid immediately; they build up inventories of goods and acquire buildings and equipment. In other words: businesses have assets and so they cannot, even if they want to, immediately turn these into cash at the end of each period. Often, these businesses owe money to suppliers and to tax authorities, and the proprietors do not withdraw all their original capital and profits at the end of each period. In other words, businesses also have liabilities.

ChatGPTRate this definition:0.0 / 0 votes

1. balance sheet

   A balance sheet is a financial statement that provides a snapshot of a company's financial condition at a particular moment in time. It details a company's assets, liabilities, and shareholders' equity, providing a comprehensive overview of what a company owns, what it owes, and the amount invested by shareholders. The balance sheet gets its name from the fact that the total value of a company's assets must equal the sum of the company's liabilities and shareholders' equity, thereby balancing out.

WikidataRate this definition:0.0 / 0 votes

1. Balance sheet

   In financial accounting, a balance sheet or statement of financial position is a summary of the financial balances of a sole proprietorship, a business partnership, a corporation or other business organization, such as an LLC or an LLP. Assets, liabilities and ownership equity are listed as of a specific date, such as the end of its financial year. A balance sheet is often described as a "snapshot of a company's financial condition". Of the four basic financial statements, the balance sheet is the only statement which applies to a single point in time of a business' calendar year. A standard company balance sheet has three parts: assets, liabilities and ownership equity. The main categories of assets are usually listed first, and typically in order of liquidity. Assets are followed by the liabilities. The difference between the assets and the liabilities is known as equity or the net assets or the net worth or capital of the company and according to the accounting equation, net worth must equal assets minus liabilities. Another way to look at the same equation is that assets equals liabilities plus owner's equity. Looking at the equation in this way shows how assets were financed: either by borrowing money or by using the owner's money. Balance sheets are usually presented with assets in one section and liabilities and net worth in the other section with the two sections "balancing."

Matched Categories

1. • Record

How to pronounce balance sheet?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say balance sheet in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of balance sheet in Chaldean Numerology is: 6

2. Pythagorean Numerology

   The numerical value of balance sheet in Pythagorean Numerology is: 5

Examples of balance sheet in a Sentence

1. Mayuresh Joshi:

   Auto has seen significant traction in the last few days. Sectors like auto correspond in terms of how the economy will shape up... There are expectations in terms of demand normalizing to pre-COVID levels and balance sheet strength with inherent demand coming back.

2. Amer Tiwana:

   A successful debt swap for Arch could add to the liquidity runway, deleverage the balance sheet and motivate management to keep the company alive, but barring some sort of miracle in the coal market, liquidity is still stretched.

3. Colin Fan:

   We are focusing on areas where we can put our balance sheet to the best possible use and where clients need us most.

4. Sue Grove:

   Mark Tritton must deliver improved results, top-tier execution, careful management of costs, greater supply chain reliability, prudent capital spending, a stronger balance sheet, and robust digital capabilities will all be important to Mark Tritton success.

5. Wael Sawan:

   [ Renewable ] investments are going to have to come from companies like ourselves, but we need to be able to have the balance sheet and the cash flow generation [ from oil and gas ] to be able to do that.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=balance sheet
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Balance_Sheet
3. ^ Wikipedia
   https://en.wikipedia.org/wiki/Balance_Sheet
4. ^ ChatGPT
   https://chat.openai.com
5. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=balance sheet