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 bank account:

If the account balance falls below £3,000 the interest rate drops to 1% a year.

ACCOUNTING the amount shown in accounts that is the amount necessary to make the debits (= money spent) and credits (= money received) equal to each other:

The only difficult figure in the balance sheet, apart from the profit and loss account balance, is the minority interest.

(Definition of “account balance” from the Cambridge Business English Dictionary © Cambridge University Press)