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Meaning of balance sheet

 

 

 

Balance sheet

 

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Business glossary

 

Meaning of term balance sheet :

 

The balance sheet is one of the financial statements that limited companies and PLCs produce every year for their shareholders. It is a financial snapshot of the firm's financial situation at a given moment in time (usually the firm's year-end). The top half shows how the funds are being used - as fixed or current assets and the bottom half (which balances) shows the source of those funds - from retained profits, shareholder's funds or long-term liabilities.

 

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Balance sheet

 

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Meaning of term balance sheet

 

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