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2. Balance (accounting) - Wikipedia

   en.wikipedia.org/wiki/Balance_(accounting)

   In banking and accounting, the balance is the amount of money owed (or due) on an account. In bookkeeping, "balance" is the difference between the sum of debit entries and the sum of credit entries entered into an account during a financial period. [1] When total debits exceed the total credits, the account indicates a debit balance.

3. Debits and credits - Wikipedia

   en.wikipedia.org/wiki/Debits_and_credits

   From the bank's point of view, your debit card account is the bank's liability. A decrease to the bank's liability account is a debit. From the bank's point of view, when a credit card is used to pay a merchant, the payment causes an increase in the amount of money the bank is owed by the cardholder. From the bank's point of view, your credit ...

4. Accounting equation - Wikipedia

   en.wikipedia.org/wiki/Accounting_equation

   The accounting equation plays a significant role as the foundation of the double-entry bookkeeping system. The primary aim of the double-entry system is to keep track of debits and credits and ensure that the sum of these always matches up to the company assets, a calculation carried out by the accounting equation.

5. Account (bookkeeping) - Wikipedia

   en.wikipedia.org/wiki/Account_(bookkeeping)

   In bookkeeping, an account refers to assets, liabilities, income, expenses, and equity, as represented by individual ledger pages, to which changes in value are chronologically recorded with debit and credit entries. These entries, referred to as postings, become part of a book of final entry or ledger.

6. Trial balance - Wikipedia

   en.wikipedia.org/wiki/Trial_balance

   Each nominal ledger account will hold either a debit balance or a credit balance. The debit balance values will be listed in the debit column of the trial balance and the credit value balance will be listed in the credit column. The trading profit and loss statement and balance sheet and other financial reports can then be produced using the ...

7. What is an outstanding balance on a credit card? - AOL

   www.aol.com/finance/outstanding-balance-credit...

   An outstanding balance on a credit card is the amount of money you owe the minute you check your account. This amount includes all charges on your account you have not paid for, including recent ...

8. Free Accounting Tools for Small Businesses

   www.aol.com/free-accounting-tools-small...

   Here are 10 free accounting tools (and one affordable paid solution with a 30-day free trial) you can try in your small business. [ Read more: A Guide to Small Business Accounting ] Wave

9. Double-entry bookkeeping - Wikipedia

   en.wikipedia.org/wiki/Double-entry_bookkeeping

   If the total of the entries on the debit side of one account is greater than the total on the credit side of the same nominal account, that account is said to have a debit balance. Double entry is used only in nominal ledgers. It is not used in daybooks (journals), which normally do not form part of the nominal ledger system. The information ...