statement of balance

Definitions

A formal document showing the financial position of an entity at a specific point in time, detailing assets, liabilities, and equity.

A summary report provided by a bank or creditor indicating the current amount of money owed or held in an account.

Examples

The bank sent a formal statement of balance to the client at the end of the fiscal quarter.

Please review your statement of balance to ensure all recent transactions have been accurately recorded.

Synonyms

balance sheet financial position statement statement of financial condition net worth summary

Antonyms

income statement profit and loss report cash flow statement expenditure record