Balance accounting: Encyclopedia - Balance accounting

In banking and accountancy, the outstanding balance is the amount of money owned, (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). Other related archivesaccount, accountancy, asset, banking, liability, money

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