balance sheet - Hutchinson encyclopedia article about balance sheet Printer Friendly
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balance sheet

   Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Acronyms, Encyclopedia, Wikipedia 0.06 sec.

balance sheet

Statement of the financial position of a company or individual at a point in time, showing current assets and fixed assets, and current liabilities and long-term liabilities. A balance sheet must always balance, that is the sum of all the assets must equal the sum of all the liabilities.



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I don't understand these things much, but it appears that he had juggled with accounts, cooked balance sheets, had gathered in deposits months after he ought to have known himself to be hopelessly insolvent, and done enough of other things, highly reprehensible in the eyes of the law, to earn for himself seven years' penal servitude.
Chance by Conrad, Joseph View in context
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