Balance sheet

Definition of Balance sheet

(Bookkeeping) a paper showing the balances of the open accounts of a business, the debit and credit balances footing up equally, if the system of accounts be complete and the balances correctly taken.

See also: Balance

Related Words

account book, accounts payable ledger, accounts receivable ledger, bank ledger, bankbook, books, card ledger, cashbook, cost card, cost ledger, cost sheet, daybook, factory ledger, inventory, journal, ledger, log, logbook, passbook, purchase ledger, record book, register, registry, sales journal, sales ledger, stock ledger, stores ledger, suspense ledger
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-Balance sheet-
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