What is a bank account balance?

Answer Posted / venkatarao

The total amount of money owed to a third party such as a credit card company, utility company, mortgage banker or other type of lender or creditor. The account balance will always be the net amount after factoring in all debits and credits.

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

describe any accounting process that you have developed or revised

648


Who owns the general ledger?

635


My question is that can i taken input credit of service tax of telephone bill & courier bill & labour contractore bills in exemption Area.

1458


What is reversing journal entries?

615


Tell me entries to revenues accounts such as service revenues are usually?

3248






What is a trial balance in accounting?

659


Tell me the stages of double entry system?

615


How i should sellone the mobile phone when interviewer will ask sell this phone to me?

1099


There is no item category assigned to account

1688


What is journalizing?

680


What is the Full Procedure of Purchase ?

1564


can any body tell me the procedure to learn accountancy with easy tips.i.e., layman accounting policy and rules of debit and credit.

1667


What procedure for excess payment to supplier I would like know without adjusting invoice that means how supplier will send back excess amount how do in oracle apps?

663


while raising credit note for price difference,is it mandatory to charge excise duty 12.36% and vat 14.5% on local supplies

2006


My Brother is running a small business of Window glasses & Mirror etc. He needs Bank Loan (CC/OD Limit)against current account. So, I need a project report to apply CC Limit. Please Help me. My EMAIL ID is :- savichawla_1703@yahoo.co.in Kindly send the report to above ID ASAP. Thanks & Warm Regards Sarvpreet +919888669523

1674