MLchartDataset catalogue

Balance sheet

Term · Law · MLC-T-LAW-000660

A financial statement that provides a snapshot of a company's assets, liabilities, and owner's equity at a specific point in time. It follows the accounting equation: Assets = Liabilities + Owner's Equity. This statement is used by investors, creditors, and regulators to assess a company's financial health.

Table 1. Record
IdentifierMLC-T-LAW-000660
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-000660",
  "term": "Balance sheet",
  "field": "Law",
  "definition": "A financial statement that provides a snapshot of a company's assets, liabilities, and owner's equity at a specific point in time. It follows the accounting equation: Assets = Liabilities + Owner's Equity. This statement is used by investors, creditors, and regulators to assess a company's financial health.",
  "url": "https://mlchart.com/terminology/law/balance-sheet/"
}

Record 452 of 5,445 in Law terminology (MLC-0107). Request the full dataset.