balance sheet Synonyms
No Synonyms and anytonyms found
balance sheet Meaning
balance sheet (n)
a record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets
balance sheet Sentence Examples
- The balance sheet provides a snapshot of a company's financial position at a specific point in time.
- The left-hand side of the balance sheet lists the company's assets, while the right-hand side lists its liabilities and equity.
- The balance sheet equation, Assets = Liabilities + Equity, must always be balanced.
- A balanced balance sheet indicates that the company's total assets are equal to its total liabilities and equity.
- An unbalanced balance sheet may indicate errors or fraud.
- Investors and creditors often use the balance sheet to assess a company's financial health.
- The balance sheet can be used to calculate a company's net worth.
- The balance sheet is one of the three main financial statements, along with the income statement and statement of cash flows.
- The balance sheet is prepared by accountants following Generally Accepted Accounting Principles (GAAP).
- The balance sheet can be used to identify trends in a company's financial position over time.
FAQs About the word balance sheet
a record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets
No synonyms found.
No antonyms found.
The balance sheet provides a snapshot of a company's financial position at a specific point in time.
The left-hand side of the balance sheet lists the company's assets, while the right-hand side lists its liabilities and equity.
The balance sheet equation, Assets = Liabilities + Equity, must always be balanced.
A balanced balance sheet indicates that the company's total assets are equal to its total liabilities and equity.
