A statement of a firm's financial position as of a given date, listing assets in one column and liabilities plus net worth in the other. Each item is expected to be listed at its actual or estimated money value. Total and the two columns must balance because net worth is defined as assets minus liabilities.
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What is Balance sheet
Friday, June 11, 2010Posted by investingport.com at 2:07 PM
Labels: Balance sheet, Financial Dictionary
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