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balance sheet
A quantitative summary of a company's financial condition at a specific point in time, including assets, liabilities and net worth. The first part of a balance sheet shows all the productive assets a company owns, and the second part shows all the financing methods (such as liabilities and shareholders' equity). also called statement of condition.
See also: List of Key Accounting Terms and ...
Learn more about this term
Usage Example
When I confronted our CEO about the health of our company, he assuaged my fears by showing me our assets and debts on our company's balance sheet.
balance sheet
A quantitative summary of a company's financial condition at a specific point in time, including assets, liabilities and net worth. The first part of a balance sheet shows all the productive assets a company owns, and the second part shows all the financing methods (such as liabilities and shareholders' equity). also called statement of condition.
See also: List of Key Accounting Terms and ...
Learn more about this term
Usage Example
When I confronted our CEO about the health of our company, he assuaged my fears by showing me our assets and debts on our company's balance sheet.
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