Account balance refers to the amount of money available in a financial account at a given point in time. It is an essential concept in personal and business finance, indicating the net value of the account.
A bank certificate is a document signed by a bank manager that certifies a company's account balance on a specified date. It is often requested during audits to verify a company's financial status.
A bank statement is a document provided periodically by a bank to account holders detailing all the credit and debit transactions made to their account over a specified period. It serves as an important tool for tracking account activity and managing finances.
A situation where an account does not have enough funds to cover a transaction, such as a presented check. This often results in the check being dishonored by the bank.
