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What is the difference between the principal balance and the outstanding balance on a loan?
The principal balance is the original amount borrowed, while the outstanding balance is the amount still owed on the loan after payments have been made.
What is balence?
The balance is the difference between the totals of the credit and debit sides of a financial account.
What is the difference between a regular payment and a principal payment?
A regular payment is a set amount of money paid at regular intervals, typically to cover interest and a portion of the principal balance. A principal payment is a payment made specifically to reduce the outstanding balance of the loan or debt.
What is the difference between the remaining statement balance and the statement balance on my account?
The remaining statement balance is the amount left to pay after the statement balance has been paid. The statement balance is the total amount due on your account at the end of the billing cycle.
What is the difference between the interest-bearing principal balance and the payoff amount on a loan?
The interest-bearing principal balance is the amount of money you still owe on a loan, excluding interest. The payoff amount includes the principal balance plus any accrued interest and fees that need to be paid to fully settle the loan.
The difference between an asset account and its contra account balance is called?
net balance
What is the difference between the two sides of an account called?
Account Balance
What is the difference between the principal balance and the outstanding balance on a loan?
The principal balance is the original amount borrowed, while the outstanding balance is the amount still owed on the loan after payments have been made.
What is The Difference between total debits and credits to an account called?
The Account balance.
What is the difference between saving account and salary account in bank?
In Salary Account 0 balance is allowed and in saving account minimum balance required
The difference between the balance of a fixed asset account and the related accumulated depreciation account is termed?
Net Fixed Assets is the term used for the difference between the balance of a fixed asset account and the related accumulated depreciation.
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The available balance refers to the cash that can be withdrawn from the given account.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 difference between the balance of a fixed asses account and the related accumulated depreciation account is termed?
Book Value
What is balence?
The balance is the difference between the totals of the credit and debit sides of a financial account.
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 is the difference between a regular payment and a principal payment?
A regular payment is a set amount of money paid at regular intervals, typically to cover interest and a portion of the principal balance. A principal payment is a payment made specifically to reduce the outstanding balance of the loan or debt.
What is the difference between the remaining statement balance and the statement balance on my account?
The remaining statement balance is the amount left to pay after the statement balance has been paid. The statement balance is the total amount due on your account at the end of the billing cycle.
