Financial Statements

5 words in this vocabulary list

balance sheet declared account book account sales affidavit of verification

balance sheet

noun a financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time

  • The balance sheet is a financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time.
  • I need to update the balance sheet with the latest financial data for our meeting tomorrow.
  • I'm crunching numbers for the balance sheet - it's a real headache!
  • In life, we all have a personal 'balance sheet' of our accomplishments and failures.

declared

verb to state or make known officially or publicly

  • The judge declared the defendant guilty of the crime.
  • They declared that the party was going to be lit.
  • She declared that the concert was going to be lit.
  • The artist declared their love for painting through their latest masterpiece.

account book

noun a book in which financial transactions are recorded

  • The accountant meticulously recorded all transactions in the account book.
  • I need to update my account book with all the recent expenses.
  • I can't find my account book anywhere, it's driving me crazy!
  • Her memory was like an accurate account book, never forgetting a detail.

account sales

noun the activity or process of selling goods or services to customers on credit

  • The account sales report showed a significant increase in revenue this quarter.
  • Did you see the account sales numbers? They're looking really good!
  • I'm crushing it in account sales right now.
  • Her ability to close account sales is like a well-oiled machine.

affidavit of verification

noun a written statement confirmed by oath or affirmation, for use as evidence in court

preposition a word governing, and usually preceding, a noun or pronoun and expressing a relation to another word or element in the clause

  • The affidavit of verification must be signed in the presence of a notary public.
  • You gotta make sure you sign that affidavit of verification in front of a notary.
  • Don't forget to get that affidavit of verification notarized, dude.
  • Signing the affidavit of verification is like sealing the deal on your statement.