closing balance

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• closing balance — ➔ balance1 * * * closing balance UK US noun [C] ► BANKING, ACCOUNTING the amount of money in an account at the end of an accounting period: »The opening balance should reflect the closing balance on your previous statement. → Compare OPENING… …   Financial and business terms

• closing balance — The debit or credit balance on a ledger at the end of an accounting period, which will appear on the balance sheet at that date and be carried forward to the next accounting period. A debit closing balance (such as an accrual) will be carried… …   Accounting dictionary

• closing balance — The debit or credit balance on a ledger at the end of an accounting period, which will be carried forward to the next accounting period. A debit closing balance (such as an accrual) will be carried forward to the credit side of a ledger and a… …   Big dictionary of business and management

• closing balance — balance of an account after a particular period …   English contemporary dictionary

• Closing balance —   An ISO term. The balance of entries posted to the account at the close of the statement period …   International financial encyclopaedia

• closing balance — Fin 1. the amount in credit or debit in a bank account at the end of a business day 2. the difference between credits and debits in a ledger at the end of one accounting period that is carried forward to the next …   The ultimate business dictionary

• Intermediate closing balance —   An ISO term. The balance of entries posted to the account at the end of the statement page or message …   International financial encyclopaedia

• balance — the amount of money remaining in an account. The total of your money in the bank after accounting for all transactions (deposits and withdrawals) is called a balance . Glossary of Business Terms A division of a Securities Account, of a type… …   Financial and business terms

• balance — / bæləns/ noun 1. the amount which has to be put in one of the columns of an account to make the total debits and credits equal ♦ balance in hand cash held to pay small debts ♦ balance brought down or forward the closing balance of the previous… …   Dictionary of banking and finance

• closing — / kləυzɪŋ/ adjective 1. final or coming at the end 2. at the end of an accounting period ● At the end of the quarter the bookkeeper has to calculate the closing balance. ■ noun ♦ the closing of an account the act of stopping supply to a customer… …   Marketing dictionary in english

• closing — / kləυzɪŋ/ adjective 1. final or coming at the end 2. at the end of an accounting period ● At the end of the quarter the bookkeeper has to calculate the closing balance. ■ noun 1. ♦ the closing of an account the act of stopping supply to a… …   Dictionary of banking and finance