Pronunciation: /ˈbæləns ʃiːt/
noun a financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time
A1 A balance sheet shows a company's assets and liabilities.
A2 I need to review the balance sheet before making any financial decisions.
B1 Analyzing the balance sheet can help investors understand a company's financial health.
B2 The balance sheet provides a snapshot of a company's financial position at a specific point in time.
C1 A well-prepared balance sheet is essential for accurate financial reporting.
C2 Investors often look at the balance sheet along with other financial statements to assess a company's overall performance.
formal The balance sheet is a financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time.
informal I need to update the balance sheet with the latest financial data for our meeting tomorrow.
slang I'm crunching numbers for the balance sheet - it's a real headache!
figurative In life, we all have a personal 'balance sheet' of our accomplishments and failures.
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