Financial Statements
Balance Sheet
Definition
What is Balance Sheet?
A statement showing assets, liabilities, and equity at a particular date.
Example in practice
How This Looks in Practice
The balance sheet reports what the company owns and owes at year-end.
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Related Terms
Financial Statements
Revenue
Income generated from selling goods or services before expenses are deducted.
Financial StatementsSales Growth
The percentage increase or decrease in revenue over a period.
Financial StatementsCost of Goods Sold
Direct costs attributable to goods or services sold during a period.
Financial RatiosGross Margin
Gross profit expressed as a percentage of revenue.