Find a business definition with an example for each:
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. ...
The expert provides definitions in business settings.