A balanceA balance represents the financial status of an account, showing the difference between credits (deposits or income) and debits (withdrawals or expenses). There are two types of balance- actual and available. Actual balance is the total amount of money on a customer’s account including any pending transactions. Available balance is what is available for the customer to use out of... More represents the financial status of an account, showing the difference between credits (deposits or income) and debits (withdrawals or expensesExpenses are costs incurred by individuals, businesses, or organisations in the pursuit of business or personnel goals. They can include costs such as wages, office rentals, utilities, and more. More). There are two types of balance- actual and available. Actual balanceA balance represents the financial status of an account, showing the difference between credits (deposits or income) and debits (withdrawals or expenses). There are two types of balance- actual and available. Actual balance is the total amount of money on a customer’s account including any pending transactions. Available balance is what is available for the customer to use out of... More is the total amount of money on a customer’s account including any pending transactions. Available balanceA balance represents the financial status of an account, showing the difference between credits (deposits or income) and debits (withdrawals or expenses). There are two types of balance- actual and available. Actual balance is the total amount of money on a customer’s account including any pending transactions. Available balance is what is available for the customer to use out of... More is what is available for the customer to use out of this actual balanceA balance represents the financial status of an account, showing the difference between credits (deposits or income) and debits (withdrawals or expenses). There are two types of balance- actual and available. Actual balance is the total amount of money on a customer’s account including any pending transactions. Available balance is what is available for the customer to use out of... More – typically this is the actual balanceA balance represents the financial status of an account, showing the difference between credits (deposits or income) and debits (withdrawals or expenses). There are two types of balance- actual and available. Actual balance is the total amount of money on a customer’s account including any pending transactions. Available balance is what is available for the customer to use out of... More minus any pending transactions.
