In accounting, the balance is the difference between income and expenses.
Balance is a term that comes from the Latin word solĭdus and refers to the result obtained after making an account or analyzing a question that has been completed.
For example: “I think the balance of the tournament is positive: we won five games, we tied two and lost only one” , “The balance of the first quarter is encouraging” , “The police operation left seven people arrested” .
The balance in the accounting
In the field of accounting , the balance is the difference that exists in the credit or income and the debit or expenses . If we think of a balance sheet that is developed to manage the family economy, the money that comes in will be recorded in the credit column (salaries, interest collection, investment profits, etc.) and in the debit column, the money that spends (payment of services and taxes, purchase of products). The difference between both columns will be the balance, which can be a credit balance (when the credit is greater than the debit), debit balance (when the debit exceeds the credit) or zero balance (there are no differences between the credit and the debit).
In summary, if in a given month, a family receives $10,000 and spends $8,000 , they will have a credit balance of $2,000 . Given the economic situation of most people in a time of crisis, zero and debt balances are more common: spending every last coin and making it to the end of the month with just enough, or exhausting all the money before collecting the payment. next salary, and depend on loans to survive.
In mobile or cellular telephony, the money available for communication is called balance.
Products at reduced prices
For businesses , sales are products that are offered at a reduced price with the intention of selling them in the short term: “Next week sales will begin in downtown stores,” “Do you like this jacket? “I found it among the stores at the shopping center.”
There are several stores that offer discounts on very popular products on the Internet, and in the same way there is a type of buyer who always looks for these discounts before deciding to spend their money. On the other hand, to maintain balance, the most comfortable or distrustful people prefer to go to traditional places, even if this has a negative impact on their pocketbooks.
Telephone balance
In cellular or mobile telephony, finally, the balance is the money available on a line or card to communicate. Broadly speaking, mobile telephony is offered in two modalities: by contract , which provides customers with a series of well-defined benefits in a package for which they pay a fixed amount every month; with a card , which works based on a cash balance, which is consumed as the different services are used, until it is necessary to recharge.
The balance of a mobile phone represents an amount of money that we have deposited into our account , just as it happens with credit or debit cards, with a fundamental difference: once a recharge has been made, the amount belongs to the telephone company, even if it is for our use of the device. In other words, it is more similar to the tickets (tickets , tickets , passes or vouchers , among other possible names) of amusement parks, which give us access to a certain number of games and shows within a defined period, according to the price we pay and the promotions we take advantage of, for example.
While a contract provides us with benefits such as a flat data rate for browsing the Internet, the card option usually entails a direct decrease in the balance for each megabyte used. Likewise, telephone calls cost more and are charged individually, unlike plans such as those that make all calls to national numbers free, typical of the contract modality.