Account Balance is the balance present in the person's financial repository, like a saving account or checking account at a given point in time. Further, it can also mean the total amount of money that a borrower can pay to a third party, such as a utility company, credit card company and mortgage banker, or another similar lender or creditor. You can check your EPF balance through UMANG app, EPFO portal, missed call, and SMS service. Both 'amount balance' and 'balance amount' are correct, but they are used in different contexts. 'Amount balance' is commonly used in financial contexts to refer to the total sum of money in an account. Learn the definition and meaning of balance in accounting, as well as how to balance the books and the balance sheet equation. Find out the difference between debit and credit balances, and how to use a plug to balance the profit and loss statement.
