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Balance sheet   /bˈæləns ʃit/   Listen
Balance sheet

A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets.

WordNet 3.0 © 2010 Princeton University

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"Balance sheet" Quotes from Famous Books

... and additional loans from the Bank of Nova Scotia and the Royal Bank of Canada: thus "the financial sceptre passed to Canada."[49] At the same time the manager and directors of the Commercial Bank were arrested on a charge of having presented a fraudulent balance sheet. Reuter's correspondent at St. John's noted that in this time of trouble the idea of union with Canada gained ground rapidly. How hopeless the position seemed to calm observers on the spot may be gathered from the following vivid extracts from a letter ...
— The Story of Newfoundland • Frederick Edwin Smith, Earl of Birkenhead

... his annual address the President detailed the business of the organization for the past year, referring but briefly to the facts which had led up to the resignation of the four directors. The Shareholders' Auditor followed with the balance sheet, giving detailed accounts of receipts, expenditures, assets and liabilities; he answered all questions asked. Then came a resolution, expressing the thanks of the shareholders to the President—and this moment was chosen by the leader of the ...
— Deep Furrows • Hopkins Moorhouse

Words linked to "Balance sheet" :   record

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