closing balance
noun[C]
ukusBANKING,ACCOUNTING
theamountofmoneyin anaccountat the end of anaccountingperiod:
Theopeningbalanceshouldreflecttheclosingbalanceonyourpreviousstatement.
Compare
opening balance
Examplesofclosing balance
closing balance
It has also provided for aclosingbalance£500,000 greater than that which was thought sufficient last year.
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What does theclosingbalancelook like?
FromEuroparl Parallel Corpus - English
In 1953–54, the estimatedclosingbalancewas £2,800,000 and the actualclosingbalancewas £6,390,000.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
Every student of local government knows that it is bad local government finance for theclosingbalanceto be too high.
From the
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In the following year, the estimatedclosingbalancewas £2½ million, but the actualclosingbalancewas £5,301,000.
From the
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In the following year, the estimated balance was again £2,800,000 and the actualclosingbalancewas £5,780,000.
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It details opening and closing balances for transacted items as well.
From
This example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.These figures are most interesting, but they do not mean very much unless we know the opening and closing balances before purchasing started.
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The opening and closing balances are therefore taken as standardised.
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However, the difference between the opening and closing balances on the notional teachers' superannuation account for each financial year is given in table 1.
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