bilan
bilan (bee-lahn). [French “balance sheet”] Civil law. A book used by bankers and merchants to record all that they owe and all that is owed to them; a balance sheet.
Search Results for: BALANCE SHEET
synthetic lease
A method for financing the purchase of real estate, whereby the lender creates a special-purpose entity that buys the property and then leases it to the ultimate user (usu. a corporation). • A synthetic lease is treated as a loan for tax purposes and as an operating lease for accounting purposes, so that the “lessee”
depreciation
depreciation (di-pree-shee-ay-sh[schwa]n), n. A decline in an asset’s value because of use, wear, or obsolescence. Cf. APPRECIATION; AMORTIZATION(2). — depreciate, vb. — depreciable, adj. accumulated depreciation. The total depreciation currently recorded on an asset. • On the balance sheet, an asset’s total cost less accumulated depreciation reflects the asset’s book value. — Also termed accrued
statement of affairs
statement of affairs. 1. STATEMENT OF FINANCIAL AFFAIRS. 2. A balance sheet showing immediate liquidation values (rather than historical costs), usu. prepared when insolvency is imminent.
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income statement
income statement. A statement of all the revenues, expenses, gains, and losses that a business incurred during a given period. — Also termed statement of income; profit-and-loss statement; earnings report. Cf. BALANCE SHEET.
capital account
An account on a partnership’s balance sheet representing a partner’s share of the partnership capital. [Cases: Partnership 81. C.J.S. Partnership §§ 91, 336, 340.]
accumulated depreciation
The total depreciation currently recorded on an asset. • On the balance sheet, an asset’s total cost less accumulated depreciation reflects the asset’s book value. — Also termed accrued depreciation.
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financial statement
financial statement. 1. A balance sheet, income statement, or annual report that summarizes an individual’s or organization’s financial condition on a specified date or for a specified period by reporting assets and liabilities. — Also termed financial report. Cf. FINANCING STATEMENT. certified financial statement. A financial statement examined and reported by an independent public or
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deferred charge
deferred charge. An expense not currently recognized on an income statement but carried forward on the balance sheet as an asset to be written off in the future (insurance premiums are a deferred charge).
closing entries
closing entries 结账分录 会计中，将临时账户〔temporary accounts〕结转至相关的资产负债账户〔related balance sheet accounts〕。