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Directory of HR Terms Courtesy Jobnet's Job Consultants List - India and International

BACKSHIFT: the afternoon shift in a three-shift system, working from late afternoon until late evening (after the morning shift and before the night shift) 

BACK TO WORK: the act of returning to work after being unemployed

BACKTRACK: to go back on what has been said before

BACK UP: to support or help. The employee brought with him file to back up his claim.

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BACKUP: supporting or helping The Company offers a free backup service to its old customers.

BACK UP COPY: a copy of a computer disk to be kept in case the original disk is damaged

BACK WAGES: same as back pay

 

BADGE: a piece of plastic or card which can be clipped to a person's shirt or coat and on which a name can be written. All Security Guards must wear their badge while on duty. 

BALANCE: 1. the amount to be put in one of the columns of an account to make the total debits and credits equal

2. the rest of an amount owed

3. to plan a budget so that expenditure and income are equal

BALANCE SHEET: statement of the financial position of a company at a particular time such as the end of the financial year of the end of the quarter showing the company's assets and liabilities.

The balance sheet shows the state of company's finances at a certain date; the profit and loss account shows the movements which have taken place since the end of the previous accounting period. A balance sheet must balance with the basic equation that assets (i.e. what the company owns, including money owed to the company) must equal liabilities (i.e. what the company owes to its creditors) plus capital (i.e. what it owes to its shareholders). A balance sheet can be drawn up either in the horizontal form, with (in the UK) liabilities and capital on the left-hand side of the page (in the USA, it is the reverse) or in the vertical form, with assets at the top of the page, followed by liabilities, and capital at the bottom. Most are usually drawn up in the vertical format, as opposed to the more old-fashioned horizontal style.

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