Meaning of BALANCE SHEET in English
- BALANCE SHEET
1. a sheet states what the firm owns and how it is financed. The accounting definition that underlies the balance sheet is:
Note: three concerns must be included in the analysis of the balance sheet: accounting liquidity , debt versus equity, and value versus cost.
2. a sheet shows the assets, debt of a firm
Note: the fewer the debt, the stronger the balance
Sean Woo's Finance, GIS and real estate English glossary. Английский глоссарий по ГИС(Географическая информационная система) и недвижимости Sean Woo's Finance. 2012