Economy, asked by OoExtrovertoO, 17 hours ago

What is Bank Balance ?? ;((​

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Answered by llCUTEHATERll
1

In banking and accounting, the balance is the amount of money owed on an account. In bookkeeping, “balance” is the difference between the sum of debit entries and the sum of credit entries entered into an account during a financial period. When total debits exceed total credits, the account indicates a debit balance.

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Answered by romitadas2005
0

Answer:

Your account balance shows your total assets minus total liabilities. ... In banking, the account balance is the amount of money you have available in your checking or savings account. Your account balance is the net amount available to you after all deposits and credits have been balanced with any charges or debits

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