Question

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What is Ledger Balance and Available balance..

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Answer 1

The ledger balance is the opening balance in the bank account the next morning and remains the same all.day if you log into your online banking,you may see current palace the balance at the beginning of the day ,and the available balance ,which is the aggregate amount at any point during the day

Explanation:

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Answer 2

Answer:

Available Balance – The Balance available for Withdrawal

This is the amount of balance that can be withdrawn by the individual at any time. It shows the difference between ledger balance and a financial activity that is not yet fully processed. Whenever a financial transaction appears in your account, it changes the available balance. Therefore, the available balance reflects the movement in your account that occurs when a financial institution receives a detail of any transaction.

Ledger Balance – The Remaining Balance at the End of the Business Day

The ledger balance, also known as the account balance, represents the existing balance on the account at the beginning of the business day. You can see this balance on a bank statement. If you have a bank account with the interest bearing properties, you can use the ledger balance to calculate the rate of interest. Moreover, you can also use this balance to identify whether the requirement to maintain a specific amount of balance is being fulfilled on some account types.

Explanation:

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