Question

What is the account balance?

Answer 1

Answer:

Your account balance shows your total assets minus total liabilities. ... In banking, the account balance is the amount of money you have available in your checking or savings account. Your account balance is the net amount available to you after all deposits and credits have been balanced with any charges or debits.

Answer 2

An account balance is the amount of money presents in a finincial respository such as savings or checking account.the account balance is always the net amount after factoring in all debits and credits.