Meaning of the word "balance sheet" in English
What does "balance sheet" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
balance sheet
US /ˈbæl.əns ˌʃiːt/
UK /ˈbæl.əns ˌʃiːt/
Noun
1.
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:
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The accountant prepared the company's balance sheet for the end of the fiscal year.
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Investors often review a company's balance sheet to assess its financial health.
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