• Print Page
• eMail Page

Search website for :

Home→The Westburn Dictionary of Marketing→B→balance sheet

balance sheet

Definition:
A statement of the financial position of a company at a particular time, normally at the end of a financial year. It shows the total value of the assets of a company balanced by the sum of the company's total liabilities and the value of the owner's equity. The conventional balance sheet consists of two vertical columns. In the UK liabilities are set out on the left-hand column and assets on the right. (In the USA the positions are reversed.)

Cross-References:

Links:

Figures:

© Westburn Publishers Ltd 2002, The Westburn Dictionary of Marketing edited by Michael J Baker, ISBN 978-0-946433-01-8. www.themarketingdictionary.com. Entry: [George Avlonitis], [1998].