Actual balance is the real balance while avialable balance is the physical 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.
The difference between actual quantity and standard quantity is called the material quantity variance.
Difference between actual amount and budgeted amount is called "Variance" and variance analysis is done to find out the reasons for variance
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.
Net balance refers to the final amount remaining after all transactions, debts, or credits have been accounted for. It is commonly used in financial contexts to indicate the difference between total assets and total liabilities. In banking, it represents the actual amount available in an account after considering pending transactions or charges. Essentially, it provides a clear picture of an individual's or organization's financial standing at a given moment.
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.
Anal Burger
The difference between actual quantity and standard quantity is called the material quantity variance.
There is no difference between the jack used in the actual sense and in the lab.
The difference between the Actual Value & Earned Value is the Project Cost Variance
A budget is all expenses of the performances which has done by actual forecasting in front of the income and sources but balance sheet is a sheet that we appear what we have and both sides of balance should be equal and shows the situation of a company but budget shows the estimation of the costs!
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Difference between actual amount and budgeted amount is called "Variance" and variance analysis is done to find out the reasons for variance
actual buyer is that which is actual buyer and potential buyer is that which is potential buyer..............
What is the difference between ideal and actual cycle?
Actual output is the "real" GDP ( gross domestic product). potential output is the targeted output set by the government. the difference between the actual and potential output is UNDEREMPLOYMENT!
The difference between the two should be what has been charged to the card.