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Home > QFINANCE Dictionary > Definition of balance

Definition of


  • 1. Banking

    money in bank account the state of a bank account at any one time, indicating whether money is owed (a debit) or owing (a credit balance)

  • 2. Accounting

    discrepancy between debit and credit figures in double-entry bookkeeping, the amount required to make the debit and credit figures in the books equal each other

  • 3. Accounting

    difference between money paid and received the difference between the totals of the debit and credit entries in an account

Definitions of ’balance’ and meaning of ’balance’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’balance’ and other financial terms with our online QFINANCE Financial Dictionary.

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