Meaning of “balance sheet” in the English Dictionary

british dictionary

"balance sheet" in British English

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balance sheetnoun [ C ]

uk /ˈbæl.əns ˌʃiːt/ us /ˈbæl.əns ˌʃiːt/

Examples from literature

  • Even at that, the balance sheet showed a profit. 
  • Nobody but Cartwright could persuade the dissatisfied shareholders to accept that balance sheet. 
  • So also credits in the accounts of one bank, figure as debits on the balance sheet of another bank. 
  • The New Year must start with a clean balance sheet for the tradesman—all bills paid and collected. 
  • The balance sheets of each of these associations would be the envy of most business undertakings. 

(Definition of “balance sheet” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"balance sheet" in American English

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balance sheetnoun [ C ]

us /ˈbæl·əns ˌʃit/

a record of the value of things a company owns and of its debts for a particular period, usually a year

(Definition of “balance sheet” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"balance sheet" in Business English

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balance sheetnoun [ C ]

uk us

ACCOUNTING a financial statement that shows a company's assets and debts at a particular time:

healthy/strong/weak balance sheet He points out that the company has the strongest balance sheet among all the farm-machinery giants.

(Definition of “balance sheet” from the Cambridge Business English Dictionary © Cambridge University Press)