opening balance

  

Definition

Balance brought forward at the beginning of a new accounting period, on the credit or the debit side of the ledger. See also brought down.

Use opening balance in a sentence

Related Videos




http://www.businessdictionary.com/definition/opening-balance.html

Mentioned in these terms

Have a question about opening balance? Ask for help in the
Community
advertise here

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z