Invertext Online Technical Dictionary

balance

transitive verb  

equilibrar

Definition 1

In accounting, make the necessary entry to make the sum of credits equal the sum of debits.

Source: Invertext, from Oxford Dictionary of Accounting


Context: The problem is when the right-hand side total of the account is larger than the left. How would you balance the account in this situation?

Source: bookkeepers.org.uk

Appears in the following subjects

Accounting, Banking