Balance sheet
a tabular statement of both sides of a set of accounts in which the debit and credit balances add up as equal.
a statement of the financial position of a business on a specified date.
Contemporary Examples
Brown-Forman, according to its most recent quarterly filings with the SEC, has $361.5 million in cash on its balance sheet.
Fiscal Cliff Fears Drive Huge Spike in Dividend Payouts Matthew Zeitlin November 27, 2012
Shuttering them allowed headquarters to make the balance sheet more efficient.
Romney Attacks Obama Over ‘Public’ Equity Job Slashing Daniel Stone May 28, 2012
The bank kept $9.7 billion worth of first mortgages on its balance sheet.
Wells Fargo Is America’s Best Bank Matthew Zeitlin January 10, 2013
When the Greek bonds got restructured, they suddenly had a big hole in their balance sheet.
Europe Is Full of Unique, Bad Situations Megan McArdle March 20, 2013
If women press the case for media parity together, they can change the balance sheet.
Do Women Need to Lean In to Be Experts on Network TV? Tara D. Sonenshine May 5, 2014
Historical Examples
But the asset side of our “mossback’s” yearly balance sheet always made the liability side ashamed of itself.
Skookum Chuck Fables Skookum Chuck (pseud for R.D. Cumming)
He will get up a balance sheet, and he will find that war does not pay.
Behind the Scenes in Warring Germany Edward Lyell Fox
The whole case of the operators, he seemed to think, could be shown by the books and the balance sheet.
The Survey, Volume XXX, Number 1, April 5, 1913 Various
Mr. Monroe, do you have at hand the balance sheet of last month?
Edith and John Franklin S. Farquhar
Our balance sheet showed our income to be down nearly 50 per cent., and although I had my salary reduced from 18s.
From Crow-Scaring to Westminster; an Autobiography George Edwards M.P., O.B.E.
noun
a statement that shows the financial position of a business enterprise at a specified date by listing the asset balances and the claims on such assets
An orderly account of the assets of a company or individual and of the financial claims on those assets by others.
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a pivoted axle or shaft on which the balance is mounted. Historical Examples It will be seen the impulse roller is staked flat against the hub E of the balance staff. Watch and Clock Escapements Anonymous There are many points worthy of consideration in the making of a balance staff that are too often neglected. […]
- Balance the books
Add up the debits and credits of an account and determine the difference; also, bring the two sides into equilibrium. For example, It’s Joe’s job to balance the books each quarter. [ Late 1500s ] Settle an account by paying what is due, as in We can’t balance the books till your last check clears. […]
- Balance weight
noun (engineering) a weight used in machines to counterbalance a part, as of a crankshaft Also called bobweight Historical Examples Variation in height may be obtained by moving the planes and the balance weight. The Bradys After a Chinese Princess Francis Worcester Doughty C C is the bed plate and D the balance weight, F […]
- Balance wheel
balance (def 15). Historical Examples The economical man has in his savings a balance wheel whose momentum carries him by hard places. Practical Ethics William DeWitt Hyde This little country has been called the “balance wheel of the world’s trade.” Birdseye Views of Far Lands James T. Nichols The crutch engages with the upper part […]