Balance Sheet
Updated: 29 February 2024
What Does Balance Sheet Mean?
A balance sheet is a record of the capital, assets, and liabilities of a business during a given time period.
Insuranceopedia Explains Balance Sheet
The balance sheet gets its name from the fact that the record must show a balance between the assets on one corner, and the liabilities and sources of capital on the other. The assets might include cash, future income, and properties. The liabilities might include loans and debts owed to suppliers. And the sources of capital may include money invested by the owners or the shareholders.
The balance sheet is a key piece of information for investors.
Related Definitions
Related Terms
Related Articles
Insurance Agents: What’s the Point?
5 Types of Auto Insurance Coverage It Pays to Understand
Putting Property up for Rent? Here’s What You Need to Know
The 5 Basic Types of Home Insurance Coverage You Need to Understand
Insurance Self-Service Portal: The Future of Customer Experience
Blockchain’s Impact on Transforming the Insurance Landscape
Related Reading
What Is Temporary Life Insurance?
Revealing the Most And Least Popular U.S. Insurance Companies
Texas is the state with most people killed by animals in the US
Life Insurance Statistics
How Long Do You Have To Have Life Insurance Before You Die?
Life Insurance Statistics