Cool MateMeaning of Balance sheet
A financial statement that summarizes a company's assets, liabilities, and equity at a specific point in time.
In simple words: A document showing a company's financial position at a specific time.
Balance sheet in a sentence
- The accountant prepared the balance sheet for the annual meeting.
- Investors often review the balance sheet to assess a company's health.
- The balance sheet revealed significant liabilities that concerned the board.
- A balance sheet is crucial for understanding a company's financial stability.
- We need to update our balance sheet to reflect recent changes.
How to use Balance sheet
Used primarily in business and finance contexts to evaluate a company's assets and liabilities.
Grammar pattern
standalone noun phrase
Memory hint
Think of a 'scale' indicating if a business is balanced or not.
Related words
Collocations with Balance sheet
- prepare a balance sheet
- analyze a balance sheet
- update a balance sheet
Synonyms for Balance sheet
- financial statement
- asset statement
- liability summary
Common mistakes with Balance sheet
- Confused with 'income statement' which reports on profitability.
- Using 'balance sheet' in casual conversations instead of formal business discussions.
- Mixing up the difference between balance sheets and financial reports.
Balance sheet appears in
Balance sheet in other languages
- Arabicالعربية
الميزانية العمومية
وثيقة توضح الوضع المالي للشركة في وقت معين.
- Bengaliবাংলা
ব্যালেন্স শীট
একটি নথি যা একটি নির্দিষ্ট সময়ে একটি কোম্পানির আর্থিক অবস্থার চিত্র তুলে ধরে।
- GermanDeutsch
Bilanz
Ein Dokument, das die finanzielle Situation eines Unternehmens zu einem bestimmten Zeitpunkt zeigt.
- SpanishEspañol
Balance sheet
Un documento que muestra la posición financiera de una empresa en un momento determinado.
- Persianفارسی
ترازنامه
مدرکی که وضعیت مالی یک شرکت را در یک زمان خاص نشان میدهد.
- FrenchFrançais
Bilan
Un document qui montre la situation financière d'une entreprise à un moment donné.
- Hindiहिन्दी
बैलेंस शीट
एक दस्तावेज़ जो किसी विशेष समय पर कंपनी की वित्तीय स्थिति दिखाता है।
- ItalianItaliano
Stato patrimoniale
Un documento che mostra la situazione finanziaria di un'azienda in un dato momento.
- PortuguesePortuguês
Balanço patrimonial
Um documento que mostra a posição financeira de uma empresa em um momento específico.
- RussianРусский
Бухгалтерский баланс
Документ, показывающий финансовое положение компании на определенный момент времени.
- Urduاردو
بیلنس شیٹ
ایک دستاویز جو کسی مخصوص وقت میں کمپنی کی مالی پوزیشن کو ظاہر کرتی ہے۔
- Chinese中文
资产负债表
一份显示公司在特定时间财务状况的文件。
More s like Balance sheet
- MatureC1
Fully developed, grown, or advanced in character or behavior.
- BondB2
something that forms a connection between people or groups, such as a feeling of friendship or shared ideas and experiences
- EquityB1
The quality of being fair and impartial.
- LeverageB1
To use something to achieve maximum advantage or benefit.
- MarginB2
the empty space at the side of a written or printed page
- AdministrationB2
the activities that are done in order to plan, organize and run a business, school or other institution
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Frequently asked questions about Balance sheet
What does Balance sheet mean?
A document showing a company's financial position at a specific time.
What is the definition of Balance sheet?
A financial statement that summarizes a company's assets, liabilities, and equity at a specific point in time.
How do you use Balance sheet in a sentence?
The accountant prepared the balance sheet for the annual meeting.
Can you give another example of Balance sheet?
Investors often review the balance sheet to assess a company's health.
What are synonyms for Balance sheet?
Common alternatives include financial statement, asset statement, liability summary.
What words go with Balance sheet?
It commonly pairs with prepare a balance sheet, analyze a balance sheet, update a balance sheet.
What are common mistakes when using Balance sheet?
Confused with 'income statement' which reports on profitability. Using 'balance sheet' in casual conversations instead of formal business discussions. Mixing up the difference between balance sheets and financial reports.
How do you pronounce Balance sheet?
US: //ˈbæləns ʃit//, UK: //ˈbæl.əns ʃiːt//. Listen to the audio above to hear native pronunciation.
Is Balance sheet formal or informal?
"Balance sheet" is formal, so it fits professional, business, or academic conversations.
When should I use Balance sheet?
Used primarily in business and finance contexts to evaluate a company's assets and liabilities.