balance off

to add up and enter the totals for both sides of an account at the end of an accounting period in order to determine the balance

The ultimate business dictionary. 2015.

Look at other dictionaries:

  • balance off — The practice of totalling the debit and credit sides of an account and inserting a balance to make them equal at the end of a financial accounting period. For example, on the debtors ledger control account amounts owed will be debited, amounts… …   Accounting dictionary

  • off-balance — adj [not before noun] 1.) in an unsteady position and likely to fall throw/knock/push etc sb off balance ▪ The sudden movement of the ship knocked them both off balance. 2.) catch/throw sb off balance to surprise or shock someone because they are …   Dictionary of contemporary English

  • balance — / bæləns/ noun 1. the amount which has to be put in one of the columns of an account to make the total debits and credits equal ♦ balance in hand cash held to pay small debts ♦ balance brought down or forward the closing balance of the previous… …   Dictionary of banking and finance

  • balance — [1] The state in which weight is evenly distributed. [2] The action of applying weights or drilling holes in something to establish even weight distribution so that vibration is reduced. Also see balance shaft counter balance crankshaft counter… …   Dictionary of automotive terms

  • off — /awf, of/, adv. 1. so as to be no longer supported or attached: This button is about to come off. 2. so as to be no longer covering or enclosing: to take a hat off; to take the wrapping off. 3. away from a place: to run off; to look off toward… …   Universalium

  • balance — See: HANG IN THE BALANCE, OFF BALANCE …   Dictionary of American idioms

  • balance — See: HANG IN THE BALANCE, OFF BALANCE …   Dictionary of American idioms

  • balance — See: hang in the balance, off balance …   Словарь американских идиом

  • off-balance sheet — An asset, liability or commitment that is not reflected in a company s balance sheet is said to be off balance sheet. For example, off balance sheet financing is financing that is not shown as a liability on a company s balance sheet. + off… …   Law dictionary

  • Balance disorder — Classification and external resources ICD 10 H81, R42 ICD 9 780.4 A balance disorder i …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.