balance sheet profit

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• balance sheet — bal·ance sheet n: a statement of financial condition at a given date Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. balance sheet …   Law dictionary

• balance sheet — / bæləns ʃi:t/ noun a statement of the financial position of a company at a particular time, such as the end of the financial year or the end of a quarter, showing the company’s assets and liabilities ● Our accountant has prepared the balance… …   Dictionary of banking and finance

• balance sheet — / bæləns ʃi:t/ noun a statement of the financial position of a company at a particular time such as the end of the financial year or the end of a quarter showing the company’s assets and liabilities ● Our accountant has prepared the balance sheet …   Marketing dictionary in english

• Balance sheet accounts —   Represent the financial institution s present assets and liabilities. They contain information on the actual balances at a given time.   Balance sheet reports Include:   Break even rates on assets   Compensation statement   balance confirmation …   International financial encyclopaedia

• balance sheet — A statement of financial position of any economic unit, disclosing as at a given moment of time, the value of its assets, liabilities, and equity of the owners in conformity with generally accepted accounting principles. See also profit and loss… …   Black's law dictionary

• balance sheet — A statement of financial position of any economic unit, disclosing as at a given moment of time, the value of its assets, liabilities, and equity of the owners in conformity with generally accepted accounting principles. See also profit and loss… …   Black's law dictionary

• balance sheet —    A statement that shows the financial position of a company in terms of its assets and liabilities at particular times (current and past); an indicator of the overall condition of the business. This differs from a profit and loss statement,… …   Business law dictionary

• profit and loss account — index budget Burton s Legal Thesaurus. William C. Burton. 2006 profit and loss account …   Law dictionary

• profit — total revenue less total expenses for a period of time calculated in accordance with generally accepted accounting principles. Glossary of Business Terms Revenue minus cost. The amount one makes on a transaction. Bloomberg Financial Dictionary *… …   Financial and business terms

• profit and loss account — P & L account 1) An account in the books of an organization showing the profits (or losses) made on its business activities with the deduction of the appropriate expenses. 2) A statement of the profit (or loss) of an organization over a financial …   Accounting dictionary

• profit and loss account — P & L account 1) An account in the books of an organization showing the profits (or losses) made on its business activities with the deduction of the appropriate expenses. 2) A statement of the profit (or loss) of an organization over a financial …   Big dictionary of business and management