Financial Terms
たいしゃく貸借たいしょう対照ひょう表
Balance Sheet
Definition
A balance sheet (貸借対照表) is a financial statement showing a company's assets, liabilities, and equity at a specific point in time. It is required as part of the settlement documents (決算書類). For sole proprietors, submitting a balance sheet is required under blue filing (青色申告) to receive the full ¥650,000 special deduction. The equation 'Assets = Liabilities + Equity' always holds.
Examples
青色申告で65万円控除を受けるには、貸借対照表の作成が必要です。
To receive the ¥650,000 deduction under blue filing (青色申告), you need to prepare a balance sheet (貸借対照表).