BS meaning in Banking ?

tuteeHUB earn credit +10 pts

Answer:

What is Balance Sheet mean?

In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity. Assets, liabilities and ownership equity are listed as of a specific date, such as the end of its financial year. A balance sheet is often described as a "snapshot of a company's financial condition". Of the four basic financial statements, the balance sheet is the only statement which applies to a single point in time of a business' calendar year.

A standard company balance sheet has two sides: assets on the left, and financing on the right–which itself has two parts; liabilities and ownership equity. The main categories of assets are usually listed first, and typically in order of liquidity. Assets are followed by the liabilities. The difference between the assets and the liabilities is known as equity or the net assets or the net worth or capital of the company and according to the accounting equation, net worth must equal assets minus liabilities.

Another way to look at the balance sheet equation is that total assets equals liabilities plus owner's equity. Looking at the equation in this way shows how assets were financed: either by borrowing money (liability) or by using the owner's money (owner's or shareholders' equity). Balance sheets are usually presented with assets in one section and liabilities and net worth in the other section with the two sections "balancing".

A business operating entirely in cash can measure its profits by withdrawing the entire bank balance at the end of the period, plus any cash in hand. However, many businesses are not paid immediately; they build up inventories of goods and they acquire buildings and equipment. In other words: businesses have assets and so they cannot, even if they want to, immediately turn these into cash at the end of each period. Often, these businesses owe money to suppliers and to tax authorities, and the proprietors do not withdraw all their original capital and profits at the end of each period. In other words, businesses also have liabilities.

reference
Full Form Category
Back Sight Academic & Science
Biophysical Society Academic & Science
Biochemical Society Academic & Science
Business School Academic & Science
Brown Student Academic & Science
Beautiful Science Academic & Science
Bikram Samvat Academic & Science
Baseline Survey Academic & Science
Bookshelf Academic & Science
Beautiful Sunshine Academic & Science
Burrell Schmidt telescope Academic & Science
Big Society Academic & Science
Bica and Schmitt Academic & Science
Beginning of Survey Academic & Science
Busted Students Academic & Science
Ball State University Academic & Science
Basel Stadt Academic & Science
Bigger Surpluses Accounts and Finance
Branch Secretary Banking
Balance Sheet Banking
Blind Signature Business
Bethlehem Steel Corporation Business
Bandai Satellaview Business
Business Simplified Business
Barber Shop Business
Bell South Business
Bechtel Shell Business
Bad Seller Business
Bead Shop Business
Burton Snowboards Business
Before System Business
Business Strategy Business
Buy, Sell Business
Buxton Sales Business
Build System Business
Bible School Community
Boy Scouts Community
Bible Story Community
Back Stage Community
Brilliant Soliloquy Community
Bernie Sanders Community
Baloney Sanders Community
Belief System Community
Badly Stated Community
Broadcasting Satellite Community
Blessed Sacrament Community
Bounce Self Community
Belief Stuff Community
Brain Stretching Community
Baptist Stuff Community
Be Sure Community
Blue Soul Community
Bakura Shrine Community
Black Sheep Community
Big School Community
Bull Shippers Community
Baby Sitter Community
Bible Study Community
Bad Stories Community
Ben Skywalker Community
Bill Sanders Community
Britney Spears Community
Bob Schmidt Community
Barbara Streisand Community
Belle and Sebastian Community
Base Station Computer and Networking
Back Space Computer Assembly Language
Bus State Computer Hardware
Bad Sector Computer Hardware
Better Solutions Computing
Bahamas (TLD) Computing
BioShock Computing
Bulletstorm Computing
Broken Sword Computing
Balance the Scale Computing
Batch System Computing
blogspot Computing
Bad Strategy Computing
Bahamas Country Names
Buckling Spring Country Specific
Blarney Stone Country Specific
Bulk Sample Earth Science
Baltic Shield Earth Science
Business Studies Educational Degree
Biomedical Sciences Educational Degree
British Standard Electronics
Beam Splitter Electronics
Base Saturation Electronics
Blood And Sweat General
Bobby Sox General
Bird Seed General
Berkeley Scott General
Bachelor s General
Black Sunday General
Bee Stings General
Baker Small General
Before Stinson General
Box Score General
Baltimore Sun General
Baloney Sandwiches General
Balloon Stories General
Boris Spassky General
Best Speaker General
Breakfast Squats General
Brilliant Sentiment General
Blue Shield General
Belgian Shoes General
Big Stinker General
Bacon Slicepic General
Bad Sandwich General
Brand Storytelling General
Back Squats General
Bull Scotty General
Book Stores General
Brent Seavers General
Bbreviation Stand General
Bias Synapse General
B Swathi General
Biden Sucks General
Baloney Sausage General
Backside Smeezer General
Bulls Signature General
Bunny Slippers General
Baking Soda General
Before Sperber General
Brutal Sweet General
Bra Size General
Bull Stuff General
Blocked Shot General
B As General
Body Station General
Bright Sight General
Bare Soil General
Brilliant Speech General
Bite Stamps General
Balloon Spit General
Boston Field Office Governmental
Bay State Governmental
Buzzword Saturation Governmental
Blowing Smoke Governmental
Brown Snowmen Governmental
Bharat Stage Governmental
Blue Springs Governmental
Buick Sport Governmental
Bolshevik Storytelling Governmental
Bumper Sticker Governmental
Bad Science Governmental
British Subject Governmental
BANISAR Indian Railway Station
Basilea Città International
Brescia (Provence) International
Bis Später International
Bitte Schon International
BaSim International
BaSki International
Bausoldat International
Bull S*** Internet
Best Site Internet
Bulls***t Internet
Bull Sh*t Internet
The Binding Site Internet
Boy Scout Jobs
Big Shot Jobs
Broad Specificity Maths
Binary Search Maths
Blood Sugar Medical
Bowel Sounds Medical
Brain State Medical
Breath Sounds Medical
Bloom's syndrome Medical
Black Swallowtail Medical
Body Smell Medical
Backscatter Spectroscopy Medical
Bariatric Surgery Medical
Bartter syndrome Medical
basisphenoid Medical
bedside Medical
Behçet syndrome Medical
Bile Salt Medical
Bismuth Subsalicylate Medical
Bismuth Sulphite Medical
blepharospasm Medical
Blood Sample Medical
Blood Smear Medical
Bone Scan Medical
Brain Size Medical
Bone Stock Medical
Bear Spotter Medical
Bone Scintigraphy Medical
Bovine Serum Medical
Brain Stem Medical
Bronchial Secretion Medical
Bureau of Standards Medical
Be Sweet Messaging
Bring Snickers Messaging
Biting Sarcasm Messaging
Bull Shit Messaging
Battle Staff Military and Defence
Broadcast Source Military and Defence
Bottom Secret Military and Defence
Baryon Strangeness Physics Related
Birmingham Southern Railroad Company Regional
Birmingham Southern Railroad Regional
Bosnian Regional
Bristol postcode area Regional
Baker Street Regional
British Standards Regional
Block Size Softwares
Batch Script Softwares
Block Specification Space Science
Big Swimmers Sports
Blown Save Sports
Been Stomped Sports
Broadcast Satellite Telecommunication
Burst Selector Telecommunication
Basic Service Telecommunication
Braunschweig Transport & Travel
British International Helicopters Transport & Travel

Report

Posted on 13 Oct 2024, this text provides information on Miscellaneous in Banking related to Banking. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

Take Quiz To Earn Credits!

Turn Your Knowledge into Earnings.

tuteehub_quiz

Write Your Comments or Explanations to Help Others



webstory list tuteehub
Miscellaneous in Banking
webstory list tuteehub
General in Banking
webstory list tuteehub
BANKING AWARENESS in Banking
webstory list tuteehub
Miscellaneous in Banking


Ever curious about what that abbreviation stands for? fullforms has got them all listed out for you to explore. Simply,Choose a subject/topic and get started on a self-paced learning journey in a world of fullforms.

open app imageOPEN APP