- balance
- the amount which has to be put in one of the columns of an account to make the total debits and credits equal
Usage balance brought down or forward- the closing balance of the previous period used as the opening balance of the current period
Usage balance carried down or forward- the closing balance of the current period
- the rest of an amount owed
Example You can pay £100 deposit and the balance within 60 days.- to be equal, i.e. the assets owned must always equal the total liabilities plus capital
- to calculate the amount needed to make the two sides of an account equal
Example I have finished balancing the accounts for March.- to plan a budget so that expenditure and income are equal
Example The president is planning for a balanced budget.
Definition
noun
verb
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aggregate demand