balance sheet
ACCOUNTING FINANCIAL SUMMARY
Balance Sheet; Balance sheets; Statement of Financial Position; Balance sheet analysis; Position statement; Consolidated balance sheet; Net current assets; Net current asset; Balance sheet substantiation; Substantiation; Substantiate; Balance sheet substantiations; Statement of financial position; Balance sheet total
n. the statement of the assets and the liabilities (amounts owed) of a business at a particular time usually prepared each month, quarter of a year, annually, or upon sale of the business. It is intended to show the overall condition of the business. A balance sheet should not be confused with a profit and loss statement, which is an indicator of the current activity and health of the business.