1. (n) The actual amount of money in an account, such as a bank account or a credit card account.
What is a Chart of Accounts?
2. (n) The remainder due on an account, such as a balance due on a bill.
Collections Problem? Your Invoice is to Blame…
3. (v) The act of comparing debits to credits to make sure they are equal, such as balancing a checking account against an account statement.
What is a Balance Sheet?