account balance Meaning in the Cambridge English Dictionary

Meaning of “account balance” in the English Dictionary

"account balance" in Business English

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account balancenoun [C]

uk   us  
BANKING the ​amount of ​money someone has in a ​bankaccount: If the ​accountbalancefalls below £3,000 the ​interestratedrops to 1% a ​year.
ACCOUNTING the ​amount shown in ​accounts that is the ​amount necessary to make the ​debits (= ​moneyspent) and credits (= ​money received)equal to each other: The only difficult ​figure in the ​balance sheet, apart from the profit and ​lossaccountbalance, is the ​minorityinterest.
(Definition of account balance from the Cambridge Business English Dictionary © Cambridge University Press)
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“account balance” in Business English

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