balance sheetnoun [ C ]
uk/ˈbæl.əns ˌʃiːt/us/ˈbæl.əns ˌʃiːt/a statement that shows the value of a company's assets (= things of positive value) and its debts
Thesaurus: synonyms and related words
Accounting
- accountancy
- accountant
- accounting
- accounts
- arrears
- auditor
- balance
- bill
- capital
- capital gains
- costing
- double entry bookkeeping
- expenditure
- false accounting
- fraudulent accounting
- FRS
- GAAP
- housekeeping
- loss
- square
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You can also find related words, phrases, and synonyms in the topics:
Profits & losses
Examples from literature
- Even at that, the balance sheet showed a profit.
- Nobody but Cartwright could persuade the dissatisfied shareholders to accept that balance sheet.
- So also credits in the accounts of one bank, figure as debits on the balance sheet of another bank.
- The New Year must start with a clean balance sheet for the tradesman—all bills paid and collected.
- The balance sheets of each of these associations would be the envy of most business undertakings.