Balance sheet

 

 

 

Balance sheet

 

Glossary of business

 

Definition of 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.

 

Source : http://business-tes.wikispaces.com/file/view/Glossary.doc

link: http://business-tes.wikispaces.com/

Author : not indicated on the source document of the above text

 

Terminology about business

 

Job world

 

 

Definition and meaning of balance sheet

 

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Meaning of balance sheet

 

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What does balance sheet mean ?

 

 

 

 

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