THE BALANCE SHEET- MIRROR OF PATRIMONY

Camelia Mihalciuc and Irina Chiriţă
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Camelia Mihalciuc: “Ştefan cel Mare” University of Suceava
Irina Chiriţă: “Ştefan cel Mare” University of Suceava

Theoretical and Applied Economics, 2007, vol. 6(511)(supplement)(vol2), issue 6(511)(supplement)(vol2), 231-238

Abstract: For the satisfaction of the manager’s necessity, accountancy has been confronted with the necessity of elaborating its own procedure for generalization and synthesizing the accountancy dates, which involved the elaboration of an appropriate instrument, the balance sheet. If the balance sheet appears as an accountancy instrument, reflecting the enterprise’s patrimony and the results of the economy activities in a year, in time the concept is extending using a current language in a vast meaning, being generalized at every activity. This is the reason why The Romanian explanatory dictionary defines the balance sheet in a vast, generalized meaning, as being “the sintetic result of an activity which take place in a period of time”, while as an accountancy instrument it is ”an accountancy image of the enterprise’s assets and liabilities or of an financial activity for a certain period of time” The balance sheet is important in methodological attendance, in using, explaining and defining the mechanism of double-entry bookkeeping.

Keywords: the economical-financial analyses; patrimony; the balance sheet; patrimonial element; the list balance sheet. (search for similar items in EconPapers)
Date: 2007
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