What is balance sheet?

A condensed statement that shows the financial position of an entity on a specified date (usually ...

	Thursday, February 5, 2015 balance sheet   Term of the Day balance sheet A condensed statement that shows the financial position of an entity on a specified date (usually the Last day of an accounting period). Among other items of information, a balance sheet states (1) what assets the entity owns, (2) how it paid for them, (3) what it owes (its liabilities), and (4) what is the amount left after satisfying the liabilities. Balance sheet data is based on a Learn more about this term Usage Example The first section contains vital financial information on the company including its cash flow, balance sheet, shareholder equity etc.   Featured Article Filtering Out the Hype of Financial Websites and Magazines As a small business owner or investor, many of us are inundated by the endless daily barrage of financial information causing us to question our own decisions ... Read this article   Voice Your Opinion What's the difference between management and leadership?   Take us with you! Download the BusinessDictionary app today.
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