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    Business definitions

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    Find a business definition with an example for each:

    Account Balance
    Cross reference
    Merchandising business
    Manufacturing business

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    Account Balance - The amount of money in a financial institution at any given moment (bank checking account), or the amount owed to a third party such as a credit card, the electric company, or on a mortgage or loan.

    Reconcile - To compare two accounting records (i.e. bank statement and checkbook, credit card statement and receipts) for agreement and discrepancies. The end result should be a balanced record between the two.

    Depreciation - The decrease in the value of an asset, allocated over time for purposes of tax reporting and accounting. ...

    Solution Summary

    The expert provides definitions in business settings.