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Balance Sheet Vocabulary Set in Accounting - Auditing: Full and Detailed List

The 'Balance Sheet' vocabulary set in 'Accounting - Auditing' is carefully selected from standard international textbook sources, helping you master vocabulary in a short time. Comprehensive compilation of definitions, illustrative examples, and standard pronunciation...

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balance sheet

/ˈbæl.əns ˌʃiːt/

Example:

The accountant prepared the company's balance sheet for the end of the fiscal year.

asset

/ˈæs.et/

Example:

Her experience is a great asset to the team.

liability

/ˌlaɪ.əˈbɪl.ə.t̬i/

Example:

The company accepted full liability for the accident.

equity

/ˈek.wə.t̬i/

Example:

The company is committed to ensuring equity in its hiring practices.
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