Balance (accounting)
From Wikipedia, the free encyclopedia
 |
This article does not cite any references or sources. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. (December 2009) |
In banking and accountancy, the outstanding balance is the amount of money owed, (or due), that remains in a deposit account (or a loan account) at a given date, after all past remittances, payments and withdrawal have been accounted for. It can be positive (then, in the balance sheet of a firm, it is an asset) or negative (a liability).
 |
Look up balance (accounting) in Wiktionary, the free dictionary. |
 |
This accountancy-related article is a stub. You can help Wikipedia by expanding it. |
