(a) balance of liabilities
21balance Sheet — An accounting summary of the financial position of an organization or individual at a specific date. A balance sheet offers a snapshot of *assets, liabilities, and *equity, and it sets out the results of the *accounting equation of *double entry… …
22Balance Sheet — engl. für Bilanz. I. Aufbau:1. Die Aktivseite wird mit Assets (Anlage und Umlaufvermögen) bezeichnet, die Passivseite mit Liabilities and Shareholders Equity (Verbindlichkeiten und Eigenkapital). Im Gegensatz zur englischen Bilanz (Passiva links …
23Balance sheet accounts — Represent the financial institution s present assets and liabilities. They contain information on the actual balances at a given time. Balance sheet reports Include: Break even rates on assets Compensation statement balance confirmation …
24balance-sheet audit — An audit limited to verification of the existence, ownership, valuation, and presentation of the assets and liabilities in a balance sheet. For example, the existence of a building would be satisfied by an inspection and an examination of the… …
25balance-sheet formats — Methods of presenting a balance sheet, as set out in the Companies Act (1985). There are two formats: one vertical (format 1) and one horizontal (format 2). Both formats give the same basic disclosures, but format 1 also requires the calculation… …
26balance sheet — A statement of financial position of any economic unit, disclosing as at a given moment of time, the value of its assets, liabilities, and equity of the owners in conformity with generally accepted accounting principles. See also profit and loss… …
27balance sheet — A statement of financial position of any economic unit, disclosing as at a given moment of time, the value of its assets, liabilities, and equity of the owners in conformity with generally accepted accounting principles. See also profit and loss… …
28liabilities — Financing provided to a business by third parties other than shareholders. Major examples include trade creditors (suppliers who sell goods to the company on credit) and bank loans and overdrafts. Dresdner Kleinwort Wasserstein financial glossary …
29balance of payments — The record of a country’s economic transactions with other countries and with international institutions. The balance of payments is normally analyzed into a current account that records trading transactions and a capital account that records… …
30balance sheet — noun A summary of a persons or organizations assets, liabilities and equity as of a specific date …
