Average Collected Balance

Business, Legal & Accounting Glossary

Definition: Average Collected Balance


Average Collected Balance


Full Definition of Average Collected Balance


Checking account’s average dollar amount during a specific period, calculated by subtracting uncollected checks from the daily ledger balances and dividing by the number of days in the reporting period (generally one month).


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https://payrollheaven.com/define/average-collected-balance/
Modern Language Association (MLA):
Average Collected Balance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 03, 2021 https://payrollheaven.com/define/average-collected-balance/.
Chicago Manual of Style (CMS):
Average Collected Balance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/average-collected-balance/ (accessed: December 03, 2021).
American Psychological Association (APA):
Average Collected Balance. PayrollHeaven.com. Retrieved December 03, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/average-collected-balance/

Definition Sources


Definitions for Average Collected Balance are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.