Definition: A balance sheet is an accounting for a company’s assets, liabilities, equity, and net worth at a certain point in time. Part of the annual report. The balance sheet tells you what the company is worth. You will often hear people mistakenly refer to the "bottomline" when talking about the balance sheet. There is no bottomline on the balance sheet - you'll find it on the income statement.
Balance Sheet
By Ken Little, About.com
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