What does balance sheet mean?

balance sheet in AZ Dictionary

(n) A statement of a small business or organization that details the possessions, debts, and owners' investment as of a specified time.
(n) : a directory of someone's or corporation's assets, liabilities and equity at the time of a specific date.
(n) a paper showing the balances of this open records of a business, the debit and credit balances footing up similarly, if system of reports be total in addition to balances precisely taken.

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