Balance sheet (statement of financial position)
From Financialjargon
Definition of Balance sheet
Report of a company's assets, liabilities and shareholder’s equity at a given point in time. It essentially shows what a company owns and owes.
See also
- Financial Statements
- Income statement (Profit and Loss account / P&L
- Statement of cash flows (cash flow statement)
- Statement of retained earnings (statement of shareholders’ equity):
