balance account


Related to balance account: Balance Sheet Account, Zero Balance Account
Translations

balance account

n (Fin) → Ausgleichskonto nt
References in periodicals archive ?
2 The Accounts Payable account will be a zero balance account used to issue payments to vendors.
Global Banking News-August 7, 2014--Deutsche Bank launches zero balance account for professionals in India
Kariyil Satheesh Kumar said he considered opening a corporate account two years back but decided against it when he learnt that the bank had rescinded its zero balance account policy.
The new plan deposited a percentage of each employee's pay into a hypothetical cash balance account.
Patna- based student Mohammed Saddam Hussain, 17, alleged that the local branch of a nationalised bank " simply refused" to open a zero- balance account for him.
Depending on the employee's salary level, the wage increases will be provided as a combination of raises in the base wage rate, payments to the cash balance account that determines monthly pension, and cash bonuses.
Hence, a sizable balance account, depending upon other activity, may enjoy the courier service for little or no actual cost.
Zero Balance Account/Target Balance Account Structure
Abhishek Sinha, CEO of Eko India Financial Services, a national-level business correspondent enrolled by SBI, said, 'A customer just needs to go to his local grocer, or a mobile recharge agent or a chemist to get a zero balance account.
Under the revised benefit formula, a new hire earning $50,000 who gets annual raises averaging 3 percent would wind up with about $5,000 in his or her cash balance account after three years of service -- at least double that under the old formula for a younger new hire.
A GASB preliminary views document, Implementation of GASB Statement Number 11, recommends keeping the effects of noncurrent assets (such as noncurrent intergovernmental revenues and certain prepaid items) and noncurrent liabilities (such as compensated absences and leases) out of the fund balance account.