Financial Account

Account Balance
Account balance refers to the amount of money available in a financial account at a given point in time. It is an essential concept in personal and business finance, indicating the net value of the account.
Revolving Fund
A revolving fund is an account or sum of money designed to be replenished to its original balance after use, enabling it to be spent or loaned repeatedly for ongoing financial activities.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.