Advertisement

Balance Sheet

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.

Advertisement

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.

Advertisement

Share this Term

  • Facebook
  • LinkedIn
  • Twitter

Related Reading

Tags

InsuranceLife InsuranceAuto InsuranceCommercial LinesAsset Insurance

Trending Articles

Go back to top