Words / B / Business

balance sheet

noun

B1CEFR level
25/100Rarity: fairly common
TechnicalRegister

A financial statement showing a company's assets, liabilities and equity at a specific point in time.

The balance sheet shows we're carrying too much inventory relative to our cash position.

Similar: statement of financial position

Topic: Accounting in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Accounting