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What does it mean when my current balance and my available balance are negative?
When both your current balance and available balance are negative, it indicates that you have overdrafted your account, meaning you have spent more money than you have available. This situation can result from pending transactions or fees that exceed your account balance. It's essential to address this promptly to avoid additional overdraft fees and potential account restrictions. Consider depositing funds to bring your balance back to a positive state.
What does on deposit balance mean and available balance mean?
On deposit balance refers to the total amount of money currently held in an account, including funds that may not be immediately accessible. Available balance, on the other hand, is the portion of the on deposit balance that can be used for withdrawals or transactions at that moment, accounting for any pending transactions or holds. Essentially, available balance reflects the actual funds you can spend or withdraw right now.
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The available balance refers to the cash that can be withdrawn from the given account.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 Actual balance and Available balance?
Actual balance is the real balance while avialable balance is the physical balance
What is The difference between total payments and total charges to an account is called?
The difference between total payments and total charges to an account is called the account balance. If total payments exceed total charges, the balance will be a credit, indicating a surplus. Conversely, if total charges exceed total payments, the balance will be a debit, reflecting an outstanding amount owed. This balance is essential for understanding the financial status of the account.
What does it mean when my current balance and my available balance are negative?
When both your current balance and available balance are negative, it indicates that you have overdrafted your account, meaning you have spent more money than you have available. This situation can result from pending transactions or fees that exceed your account balance. It's essential to address this promptly to avoid additional overdraft fees and potential account restrictions. Consider depositing funds to bring your balance back to a positive state.
In Economics, what does scarcity mean?
Wants and desires will always exceed the resources available to fulfill them.
What does available credit mean from your bank?
Available credit refers to the amount of credit that you can still use on your credit card or line of credit. It is calculated by subtracting your current balance and any pending transactions from your total credit limit. For example, if your credit limit is $5,000 and you have a balance of $1,000, your available credit would be $4,000. This figure is important for managing your spending and ensuring you don't exceed your credit limit.
Does a credit card balance in the fund balance account at the end of the year mean the fund has sufficient cash to pay its liabilities in a timely manner?
No. A credit balance in the fund balance accounts does not mean there is sufficient cash to pay liabilities in a timely manner. The assets are likely to include taxes receivable, and it is possible that the reported liabilities will exceed the cash balance
What is balance of trade?
Balance of trade is the relationship between a country's exports and imports. There is a trade surplus when a country's exports exceed its imports, and there is a trade deficit when a country's imports exceed its exports.
What is trade surplus?
A positive balance of trade, exports exceed imports
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.
The condition that exists wants exceed the available resources?
Scarcity
What is the difference between Actual balance and Available balance?
Actual balance is the real balance while avialable balance is the physical balance
Can i withdraw MOD Balance money?
mod balance available
What is when a country's imports exceed it's exports?
If a country's export exceeds the import then the balance of trade is unfavorable.
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.
