| Term | Balance sheet | | Definition | A balance sheet is a statement, drawn up at a particular point in time, of the values of assets owned by an institutional unit or sector and of the financial claims (i.e. liabilities) incurred by this unit or sector; for the economy as a whole, the balance sheet shows what is often referred to as “national wealth” - the sum of non-financial assets and net claims on the rest of the world. | | Paragraphs | 13.1.;13.2.;[1.11.];[2.93.];[10.1.] |
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