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What is the difference between a current balance and an available balance on a checking acct?
Wiki User
∙ 14y ago
The account balance will reflect any payments made into the account providing the account is on real time banking. So if you pay in any cheques the account balance will reflect this.
The available balance will take into consideration any earmarks on the debit card which are due to debit and also any cheques you may have paid in that are at the moment still uncleared on the account.
Wiki User
∙ 14y ago
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What is the difference between Actual balance and Available balance?
Actual balance is the real balance while avialable balance is the physical balance
Difference between ledger balance and available balance?
The available balance refers to the cash that can be withdrawn from the given account. The ledger balance on the other hand refers to the amount that is available in the account.
What is the difference between balance sheet and worksheet?
There is a difference between: Worksheet and Balance Sheet
Difference between outstanding balance and Statement Balance?
speelling
What is the difference between contingent liability and off balance sheet liability?
There is no difference between Contingent Liability and Off Balance Sheet Liability.
What is the difference between Actual balance and Available balance?
Actual balance is the real balance while avialable balance is the physical balance
What is the difference between a current balance and an available balance on a checking account?
I am not a banking expert, but my understanding is that - say you have 100$ in your account and you pay in a cheque for another 100$, then your current balance will be 200$ but your available balance will be 100$ until the cheque clears (when the available balance will match the current balance). This protects the bank from someone paying in a cheque that may 'bounce' and withdrawing money that never gets put into the account.
Difference between ledger balance and available balance?
The available balance refers to the cash that can be withdrawn from the given account. The ledger balance on the other hand refers to the amount that is available in the account.
Is there a difference between a merchandiser's balance sheet and a service company's balance sheet?
Yes in merchandiser balance sheet there is stock of items available in balance sheet while in services balance sheet there is no inventory item available.
What is difference between worksheet and balance sheet?
There is a difference between: Worksheet and Balance Sheet
What is the difference between balance sheet and worksheet?
There is a difference between: Worksheet and Balance Sheet
Difference between product modulator and balance modulator?
what is the difference between balance n product modulator
Difference between outstanding balance and Statement Balance?
speelling
What is the difference between a checking and savings account in terms of interest rates?
Usually, most checking accounts don't pay interest at all or if they do, a very high minimum balance is needed. Usually when it is available, savings does have more interest paid, but not a significant amount more. Because checking accounts are made to be used, interest is often lower. Savings, and variations of it, tend to be higher because it is not touched...as often.
What id difference between mod banlance and avilable balance on ATM slip?
mod bal means money on deposit,available bal means current balance in ur account
What is the difference between contingent liability and off balance sheet liability?
There is no difference between Contingent Liability and Off Balance Sheet Liability.
What does an auditor do if there is a material difference between an expected and actual balance?
However, if there is a material difference between the expected and actual balance, the auditor will investigate this difference further. At this point the auditor will develop an explanation for the difference.
