Balance Sheet

Balance Sheet a term in accounting for a statement of the assets, liabilities, capital, and surplus of businesses or other organizations. It lists in detail the balance of income and expenditure as of a specific date over the preceding period.

In Capital Market, it is an accounting statement of a company’s assets and liabilities, provided for the benefit of shareholders and regulators. It gives a snapshot, at a specific point of time, of the assets that the company holds and how the assets have been financed.