balance sheet

noun

, Accounting.

1. a tabular statement of both sides of a set of accounts in which the debit and credit balances add up as equal.
2. a statement of the financial position of a business on a specified date.

balance sheet

noun

1. a statement that shows the financial position of a business enterprise at a specified date by listing the asset balances and the claims on such assets

balance sheet

1. An orderly account of the assets of a company or individual and of the financial claims on those assets by others.

Word History and Origins

Origin of balance sheet¹

First recorded in 1830–40

Example Sentences

But for many years, under previous governments, some of its profits never reached the treasury as it was accused by state governors and federal lawmakers of including these inflated subsidy costs on its balance sheet.

From BBC

Ofwat not only failed to police the levels of debt piling up on water company balance sheets.

From BBC

The Burbank studio self-financed the transaction with cash on its balance sheet and did not use outside funding, Legendary said Monday.

From Los Angeles Times

Both bids would inject $1.5 billion into Paramount’s battered balance sheet, allowing the firm to pay down debt, when the deal closes.

From Los Angeles Times

There would also be a $1.5-billion cash infusion to shore up Paramount’s balance sheet and help reduce debt, according knowledgeable people.

From Los Angeles Times