Balance sheet

08.06.2011 11:44

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Balance sheet

1) Annually (usually) prepared statement showing assets and liabilities of a business at the year-end. The ‘bottom line’ figure indicates the ‘worth’ of the business. Under company law a balance sheet must be prepared for the shareholders of a limited liability company. A copy must also be sent to the Registrar of Companies (along with other financial information).

Source: David Lowe. The Dictionary of Transport and Logistics. Kogan Page, 2002. – P.20 (288 p.)


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