What is another word for balanced account?

Pronunciation: [bˈalənst ɐkˈa͡ʊnt] (IPA)

A balanced account is a representation of financial stability and accuracy. It reflects a state where the amounts of debits and credits are equal, ensuring that all the financial transactions have been recorded accurately. Synonyms for balanced account could include well-proportioned record, equitable ledger, even balance sheet, and just accounting. A balanced account is essential for ensuring that businesses and individuals can make informed financial decisions. It provides accurate information about the financial health of an organization or an individual. Maintaining a balanced account involves meticulous bookkeeping and accounting practices, ensuring accuracy in record-keeping, and maintaining compliance with regulatory requirements. A balanced account is a critical element of financial planning, budgeting, and forecasting, enabling individuals and organizations to achieve their financial objectives.

What are the hypernyms for Balanced account?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

What are the opposite words for balanced account?

A balanced account refers to a financial record that shows equal debits and credits. On the contrary, an unbalanced account describes a financial statement where the credits and debits do not match up. This could occur due to recording errors, omissions in transactions, or incorrect account postings. Another antonym for a balanced account is an imbalanced account, which means the financial statement is not reconciled, leading to unreliable financial data. A negative balance account shows that there are more debits than credits, resulting in a negative balance or overdraft situation. Likewise, a positive balance account indicates more credits than debits and is called a credit balance.

What are the antonyms for Balanced account?

Famous quotes with Balanced account

  • My beliefs are clearly that of a hardened skeptic I use the term "occult" to refer to any of all of these subjects. The reader is forewarned that does not try to present a balanced account of occult subjects. If anything, this book is a Davidian counterbalance to the Goliath of occult literature. I hope that an occasional missile hits its mark…
    Robert Todd Carroll

Related words: balanced bank account, bank account balance, bank account balance checker, free checking account, free checking balance, checking account balance calculator, checking account calculator

Related questions:

  • What is the average bank account balance?
  • What is the best checking account for college students?
  • Can you have a negative bank account balance?
  • Word of the Day

    multitasker
    The word "multitasker" usually refers to someone who can perform different tasks simultaneously. However, there are several antonyms for this word, which describe the opposite type...