meaning of BALANCE-SHEET

BALANCE-SHEET meaning in Law Dictionary

When it is wished to ascertain the precise state of a vendor's company, or any other commercial enterprise, at a given time, all the ledger records tend to be closed updated and balances struck; and these balances, when displayed collectively in one web page, and thus grouped and arranged concerning close into each pther and become summarized in a single general outcome, constitute the "balance-sheet." Eyre v. Harmon, 92 Cal. 580, 28 Pac. 779.

Sentence Examples with the word BALANCE-SHEET

On the 30th of June 1903 the balance-sheet of this fund showed a credit amounting to 1,796,120 and a debit of 460,819.

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