Invertext Online Technical Dictionary

strike

transitive verb  

sacar

Definition 1

In accounting, ascertain, find (balance) by deducting credit or debit amounts from the other, typically to discover the amount or amounts responsible for the imbalance, e.g. profit, loss, etc.

Source: Invertext, from Concise Oxford Dictionary


Context: The underwriting year is closed by striking a balance of profit that includes a provision for all outstanding claims relating to policies incepting in that year.

Source: hmrc.gov.uk

Related words

strike a balance 1


Appears in the following subjects

Banking, Money and Currencies, Accounting