balance sheet (balansshet)

A statement made by merchants and others to show the true state of a particular busine . A balance sheet should exhibit all the balances of debits and credits, also the value of the merchandise, and the result of the whole. ( Bouvier.) A statement designed to show the a ets and liabilities and the profits and lo es of a company. ( Marsh, Bank Book-keeping.) Many banks publish balance - sheets profe ing to show the reserve of ready money. Jevons, Money and Mech. of Exchange, p. 320.