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.
email to a friend
print this definition
cite this definition
link to this page
opening balance is in the Accounting & Auditing subject.
opening balance appears in the definitions of the following terms: cash flow, carried down and average daily balance (ADB)
opening balance appears in these other term: opening balance sheet
This content can be found on the following page:
http://www.businessdictionary.com/definition/opening-balance.html







