Definition of "Balance Sheet"

A financial report that entails the status of a corporation's assets, liabilities, and owners' equity for a specific date, usually at month end. It only captures this information as of that date; it does not cover a period of time.

An accounting term referring to a listing of a company's assets, liabilities and surplus as of a specific date.

This financial report shows the status of a company's assets, liabilities and stockholder equity on a given date, usually at month or year end. Assets are equal to liabilities plus stockholder equity.