balance sheet -- Financial statement showing assets on the
left side and liabilities on the right. A balance sheet provides
an overview of a company's financial position at the given
Balance Sheet -- Financial statement listing a company's assets, liabilities, and equity on a specific date.
balance sheet -- a financial statement that contains the types and amounts of assets, liabilities and net worth of a company, institution or individual. Also called a statement of condition.
About the author
Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.