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Balance Sheet Account |
Also found in: Acronyms | 0.01 sec. |
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Balance Sheet Account Any account owned by a company that is not closed out over the course of a year. Examples of balance sheet accounts include accounts payable and accounts receivable. A balance sheet account contrasts with an income account, which is closed out because it was paid in full. Balance sheet accounts are listed on a balance sheet. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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