Question

What is mean by balancing of an account?

Answer 1

balancing means equating the Dr. and Cr. sides of an account

Answer 2

$\huge\boxed{\underline{\mathcal{\red{❥A}\green{N}\pink{S}\orange{W}\blue{E}\purple{R}}}}$

ɪɴ ʙᴀɴᴋɪɴɢ, ᴛʜᴇ ᴀᴄᴄᴏᴜɴᴛ ʙᴀʟᴀɴᴄᴇ ɪs ᴛʜᴇ ᴀᴍᴏᴜɴᴛ ᴏғ ᴍᴏɴᴇʏ ʏᴏᴜ ʜᴀᴠᴇ ᴀᴠᴀɪʟᴀʙʟᴇ ɪɴ ʏᴏᴜʀ ᴄʜᴇᴄᴋɪɴɢ ᴏʀ sᴀᴠɪɴɢs ᴀᴄᴄᴏᴜɴᴛ. ʏᴏᴜʀ ᴀᴄᴄᴏᴜɴᴛ ʙᴀʟᴀɴᴄᴇ ɪs ᴛʜᴇ ɴᴇᴛ ᴀᴍᴏᴜɴᴛ ᴀᴠᴀɪʟᴀʙʟᴇ ᴛᴏ ʏᴏᴜ ᴀғᴛᴇʀ ᴀʟʟ ᴅᴇᴘᴏsɪᴛs ᴀɴᴅ ᴄʀᴇᴅɪᴛs ʜᴀᴠᴇ ʙᴇᴇɴʙᴀʟᴀɴᴄᴇᴅ ᴡɪᴛʜ ᴀɴʏ ᴄʜᴀʀɢᴇs ᴏʀ ᴅᴇʙɪᴛs.