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Balance sheet

British pronunciation/bˈaləns ʃˈiːt/
American pronunciation/bˈæləns ʃˈiːt/
Balance sheet
[NOUN]
1

a written statement that shows the assets and liabilities of a company at a specific point in time

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Examples
1. The second report is a balance sheet.
2. Financial statements include balance sheets, income statements, and cash flow statements.
3. A balance sheet has two sides.
4. Most banks turn over their balance sheet about every four years.
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