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balance of the account vs balance in the account

Both phrases are correct, but they are used in slightly different contexts. 'Balance of the account' is commonly used when referring to the total amount in the account, while 'balance in the account' is used when discussing the current state or distribution of funds within the account.

Last updated: March 31, 2024 • 872 views

balance of the account

This phrase is correct and commonly used when referring to the total amount in the account.

This phrase is used to indicate the total amount of money or funds in a specific account.

Examples:

  • The balance of the account is $5000.
  • Can you please check the balance of the account?
  • I need to know the balance of the account before making any transactions.
  • The current balance of the account is displayed.
  • This is the balance of the account, sir.
  • This is the balance of the account, sir.
  • The average balance of the account during the forecast period
  • For each date in the Forecast period a column displays the predicted balance of the account on that date. The date columns are in ascending order from left to right.
  • the transferred amount exceeds the positive balance of the account as calculated pursuant to Article 78;or
  • the Member State's request is submitted before the calculation of the balance of the account pursuant to Article 78;
  • Enter the opening balance of the account. This is usually the ending balance of the last statement. If uncertain, leave as is.
  • A statement of accounts showing the movements and balances of the accounts at the same date shall be attached thereto.
  • In & kappname;, a Forecast is a prediction of the balances of Accounts during a specified future period of time.
  • The T2S Board ensures that the balance of the project account is 'nil' or 'positive' at all times.
  • Most notably, in mid-March 2001, it changed its main operating target for money market operations from the uncollateralised overnight call rate to the outstanding balance of the current accounts held at the Bank of Japan.
  • If the balance of the outturn account provided for in Article 81 is negative, it shall be entered in the budget for the following financial year.
  • The balance of account %1 dropped below the maximum credit warning limit of %2.
  • that the balance of accounts held in other currencies is periodically converted into euro.
  • The balances of the receipts accounts are regularly transferred to the own resources accounts or to other accounts, depending on the treasury needs.
  • Net balance of the technical account of the profit and loss account - net of reinsurance -.
  • Total balance of the reserve accounts at the loan level at the Loan Payment Date.
  • End of day balances of the cash accounts provided by the CSD or the designated credit institution (for each currency)
  • If the balance of the outturn account within the meaning of Article 56 is positive, it shall be repaid to the Commission up to the amount of the subsidy paid during the year.

Alternatives:

  • account balance
  • total balance in the account
  • sum in the account

balance in the account

This phrase is correct and commonly used when discussing the current state or distribution of funds within the account.

This phrase is used to refer to the current state or distribution of funds within a specific account.

Examples:

  • The balance in the account is evenly distributed.
  • I need to check the balance in the account to see if there are enough funds.
  • The balance in the account is low.
  • The statements for the Agency's seven bank accounts were not reconciled with the corresponding balances in the accounts during the course of 2003.
  • I just worked out the balance in the eights account.
  • Look at the balance in the checking account.
  • Compliance with the requirement is determined on the basis of the average of the daily balances in the reserve accounts over the maintenance period.
  • At today's current rate of exchange, The balance in that account is $878,529.17.
  • The balance in this account is then settled in full at the end of a pre-defined period.
  • Combined direct and portfolio investment balance: the sum of the direct investment balance and the portfolio investment balance in the financial account of the balance of payments.
  • The Joint Managing Authority shall present the Joint Monitoring Committee with reports reconciling these accounts with the balance in the bank account for the programme to accompany the annual report and any request for additional pre-financing.
  • Also, Estonian Air stopped paying some major suppliers in November 2011 and by the end of that month the working capital was not in balance: the accounts receivable were EUR 5,5 million, while the accounts payable were EUR 10,6 million.
  • The negative balance in the stranded costs account would give rise to collection rights, consisting in the right of the utilities to collect revenue from electricity consumers in the future.
  • However, supplementary applications may be submitted only if justified on the basis of the risk of the net balance in the Sapard euro account being exhausted before the next quarterly application has been processed.
  • The administrator shall draw on the cash or notes on an approximately pro rata basis in accordance with the Association's normal procedures in order to meet disbursements of Special Action Credits and to maintain a reasonable working balance in the Special Action Account.
  • - the net balance in the Sapard euro account being exhausted before the next quarterly application has been processed, or
  • The balance of accounts in the trial balance shall be reconciled periodically, and at least at the annual closure, with the data from the management systems used by authorising officers for the management of assets and liabilities and for the daily input into the accounting system.
  • [26] See off-balance-sheet commitments in the annual accounts: item 6 of contingent liabilities.
  • 'overrunning' means a tacitly accepted overdraft whereby a payment service provider makes available to a consumer funds which exceed the current balance in the consumer's payment account or the agreed overdraft facility;
  • Whether to show account balances in the contact list.
  • 15. Trade and current account balances in the EU...
  • But, unfortunately, your balance in that account is $2.13.
  • In addition to these employer pension contributions, the CRP-RATP also receives a payment from the State in order to balance the accounts.

Alternatives:

  • current account balance
  • funds distribution in the account
  • amount in the account

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