Balance: Current Account Status
A balance represents the current state of an account, showcasing available funds, outstanding debts, or pending transactions. Types of Balances 1. Account balance: Current account status. 2. Available balance: Funds ready for use. 3. Ledger balance: Total account value. 4. Current balance: Real-time account status. 5. Outstanding balance: Unpaid debts. Balance Sources 1. Deposits. 2….