An individual will authorize payment to an unknown party. The most common is writing a check endorsed with the word "cash" on it.
An accounting term used to describe the reduction of deposits held by bank customers. Bank debits can result from check payments or withdrawal of funds from an account. Economists use bank debit statistics to forecast economic trends, such as the demand for cash.
Borrowing capacity advanced by a bank to an individual, firm, or organization, in the form of cash loans
Closing up of accounts at the end of an accounting period, by bringing the totals of their debit and credit sides into agreement, and thus to determine the profit or loss made during that period.
Amount deducted from or added to the pre-tax profit, depending on whether the actual depreciation on fixed assets exceeds or falls below the capital allowance availed. Also called balancing change.
Government budget where the current expenditure equals current revenue. Most government budgets are unbalanced almost always on the expense side, purportedly to spur growth and reduce unemployment by creating demand with additional money supply.
Estimate In construction industry, estimate of all direct and indirect costs, from a given date to the completion of a project or job.
Financial data listed either under a major heading (assets, liabilities, owners' equity), or under a sub-heading (such as current assets, fixed assets, current liabilities, long-term liabilities) of a balance sheet.
