Opening Balance

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Definition: Opening Balance

Opening Balance
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Full Definition of Opening Balance

After financial statements are completed, the company begins with a new amount on their balance sheet.

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To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/opening-balance/
Modern Language Association (MLA):
Opening Balance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
February 03, 2025 https://payrollheaven.com/define/opening-balance/.
Chicago Manual of Style (CMS):
Opening Balance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/opening-balance/ (accessed: February 03, 2025).
American Psychological Association (APA):
Opening Balance. PayrollHeaven.com. Retrieved February 03, 2025
, from PayrollHeaven.com website: https://payrollheaven.com/define/opening-balance/

Definition Sources

Definitions for Opening 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: 16th November, 2021 | 0 Views.