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Q: The difference between an asset account and its contra account balance is called?
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What is the difference between the two sides of an account called?

Account Balance


What is The Difference between total debits and credits to an account called?

The Account balance.


How differ the balance of trade from the balance of payments?

The Balance of Payments (BoP) is comprised of the Current Account, as well of the Capital and Financial Account. Within the Current Account, one will find a subcategory called Goods. The Balance of Trade is a term used to show the difference between Imports (IM) and Exports (X) within the Goods Category. This is also known as Net Exports.


The amount of money in a bank account is called what?

account balance


What is meant by balance of trade?

The term Balance of Trade (or BOT) is the largest component of a country's current account in its balance of payments (BOP) accounts.It shows the difference between export earnings and import expenditure.It is called 'favorable' when the amount realized from physical (or tangible or visible) exports is more than the amount spent on physical imports, otherwise called 'unfavorable.'It is called also trade balance.


The difference between money coming into a country and money leaving a country is called?

balance of payments


Difference between Inactive Account and dormant account?

If there are no transactions from last 6 months in a particular bank account it is called inactive account and the same continues for one year it called as dormant account


How much you have left in your account is called what?

your balance


What is the amount of money in an account called?

It is called a bank accounts balance


What is the amount of money in a bank called?

account balance


What balance between incoming and outgoing energy is called?

The balance between incoming and outgoing energy is called radiation balance.


What does Balance of Trade mean?

The term Balance of Trade (or BOT) is the largest component of a country's current account in its balance of payments (BOP) accounts.It shows the difference between export earnings and import expenditure.It is called 'favorable' when the amount realized from physical (or tangible or visible) exports is more than the amount spent on physical imports, otherwise called 'unfavorable.'It is called also trade balance.