By definition, the Balance Sheet is a financial statement of the corporation that represents (as of the first and last day of the tax year), the dollar value recognized on the corporation’s books of all of the corporation’s Assets, all of the amounts owed by the corporation (Liabilities), and the amount which comprises the difference between the assets and liabilities, which is the total of all of the individual shareholder’s equity or investment in the corporation (Shareholders Capital). In accounting, book value is the value of an asset according to its balance sheet account balance. For assets, the value is based on the original cost of the asset less any depreciation, amortization or impairment costs made against the asset. Get the annual and quarterly balance sheet of Facebook, Inc. (FB) including details of assets, liabilities and shareholders' equity.

Book balance is also referred to as the balance per books. Example of Book Balance. The balance on June 30 in the company's general ledger account entitled Checking Account is the book balance that pertains to the bank account being reconciled. (For an individual, the book balance is likely to be the balance appearing in the person's check ... This can happen for a couple reasons. First, assets are listed on the balance sheet at cost, meaning their balance sheet value is not updated as prices change. A company that holds a lot of real estate on its balance sheet will likely have a net book value far below its market value.