current balance meaning
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What Does Current Balance Mean? According to SunTrust Bank, the current balance represents the actual amount of money in an account on a given day. SunTrust Bank notes that money related to non-finalized transactions is not reflected in the current balance. Continue Reading.
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Current Ratio: Definition and Explanation: Current ratio is also known as working capital ratio or 2 : 1 ratio. It is the ratio of total current assets to total current liabilities. Current assets are those which are usually converted into cash or consumed with in short period (say one year). Current liabilities are required to be paid in short period (say one year).
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account balance account balance. Definition. The amount of money in an account, equal to the net of credits and debits at that point in time for that account. also called balance. Use account balance in a sentence. “ The account balance was too high and that made everyone worried that the man would get greedy and not pay anyone.
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closing balance closing balance. The positive or negative amount remaining in an account at the conclusion of an accounting period that will be carried forward to the next period. Most business accountants will provide a closing balance to management that represents the net difference between credits and debits in the ledgers they keep for a particular time frame.
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DEFINITION of 'Book Balance' The book balance is the term banks use to describe the amount of money available before any adjustments have been made for deposits in transit, checks that have not yet been cleared, reserve requirements and interest received from float funds. Also called gross balance. Next Up.
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What are 'Current Assets' Current assets are balance sheet accounts that represent the value of all assets that can reasonably expect to be converted into cash within one year. Current assets include cash and cash equivalents, accounts receivable, inventory, marketable securities, prepaid expenses and other liquid assets that can be readily converted to cash.
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What is the 'Current Account' The current account records a nation's transactions with the rest of the world – specifically its net trade in goods and services, its net earnings on cross-border investments, and its net transfer payments – over a defined period of time, such as a year or a quarter.
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net cash balance Popular Terms. Total amount of money in a financial account, calculated by adding all deposits to the initial deposit and deducting all disbursements or payments made. Net cash balance can be positive, if money is available; or negative if the account has been overdrawn.
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What are 'Current Liabilities' What are 'Current Liabilities'. Current liabilities are a company's debts or obligations that are due within one year, appearing on the company's balance sheet and include short term debt, accounts payable, accrued liabilities and other debts. Essentially, these are bills that are due to creditors and suppliers within a short period of time.
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What does current portion of long term debt mean? The current portion of long term debt is the amount of principal that will be due within one year of the date of the balance sheet. (In industries where the operating cycle is longer than one year, it will be the amount of principal due within the length of the operating cycle.)
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What is an 'Account Balance' DEFINITION of 'Account Balance'. 1. The amount of money in a financial repository, such as a checking account, at any given moment. 2. 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.
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Net balance Net balance Definition. The amount of debt outstanding at a particular time, after all refunds and adjustments have been calculated. It is often called the payoff balance or net payoff. Submit a Definition.
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- We begin with your current posted balance and then adjust for any holds on recent deposits and any pending transactions that are known to the bank. Current posted balance includes: 1  Deposits and withdrawals that have been posted to your account by the end of the previous business day.
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Current account The current account consists of the balance of trade, net primary income or factor income (earnings on foreign investments minus payments made to foreign investors) and net cash transfers, that have taken place over a given period of time.
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- Current liabilities found on the balance sheet are the debts a company owes which must be paid within one year. They are the opposite of current assets.
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- Answer 1 To balance an equation means that there are the same number of each element on each side. The reason a subscript cannot change is that it represents the amount of an … element within a certain compound in relation to any other elements. If that ratio changes, it is no longer the same compound.
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- Rodriguez EF, Monaco SE, Khalbuss W, Austin R M, Pantanowitz L. Abdominopelvic washings: A comprehensive review. How to cite this URL: Rodriguez EF, Monaco SE, Khalbuss W, Austin R M, Pantanowitz L. Abdominopelvic washings: A comprehensive review. CytoJournal [serial online] 2013 [cited 2016 Aug 5];10:7.
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- The balance in this account before accounting for the transfer component is generally referred to as the balance of trade. In India, current account is reported by the Reserve Bank of India. The exchange of goods and services is recorded for the current period and hence is called current account.
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Current account Cumulative Current Account Balance 1980–2008 (US$ Billions) based on the International Monetary Fund data. In economics, a country's current account is one of the two components of its balance of payments, the other being the capital account (sometimes called the financial account).
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balance 2. balance-equality between the totals of the credit and debit sides of an account. equality-the quality of being the same in quantity or measure or value or status. account statement, accounting, account-a statement of recent transactions and the resulting balance; they send me an accounting every month.
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Definitions &Translations Here are all the possible meanings and translations of the word current ratio. Freebase(0.00 / 0 votes)Rate this definition: The current ratio is a financial ratio that measures whether or not a firm has enough resources to pay its debts over the next 12 months. It compares a firm's current assets to its current liabilities.
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- Current liabilities are those due within the present accounting year, such as accounts payable, customer advances, taxes payable and the payments due that year on a long-term loan. RELATED TERMS.
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What is a 'Current Account Deficit'? DEFINITION of 'Current Account Deficit'. A measurement of a country’s trade in which the value of goods and services it imports exceeds the value of goods and services it exports.
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Current liability In accounting, current liabilities are often understood as all liabilities of the business that are to be settled in cash within the fiscal year or the operating cycle of a given firm, whichever period is longer.
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What is the 'Current Account' A positive current account balance indicates that the nation is a net lender to the rest of the world, while a negative current account balance indicates that it is a net borrower from the rest of the world.
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- Current Liabilities are company debts due within one year or one operating cycle, whichever is greater. An operating cycle is the time it takes a company to purchase inventory and convert it ...