/ Dictionary / Index B balance sheet: Meaning and Definition of Find definitions for: bal'ance sheet" Pronunciation: [key] — Accounting. Accounting. a tabular statement of both sides of a set of accounts in which the debit and credit balances add up as equal. a statement of the financial position of a business on a specified date. Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease. balance shaft balance spring Related Content Daily Word Quiz: eureka Analogy of the Day: Today’s Analogy Spelling Bee: Today’s Spelling Bee Frequently Misspelled Words Frequently Mispronounced Words Easily Confused Words Writing & Language