VISIBLE BALANCES Meaning and
Definition
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Visible balances refer to the amounts of money or assets that can be readily observed, acknowledged, or perceived in a financial statement, account, or transaction. These are typically the figures that are clearly stated, reported, or indicated, and can be easily identified or quantified.
In the context of financial accounting, visible balances encompass the recorded amounts of cash, investments, accounts receivable, and other tangible or intangible assets that are included in a company's balance sheet. These balances are tangible and verifiable, meaning they are supported by credible evidence or supporting documentation, such as invoices, receipts, or bank statements.
Visible balances are also relevant in the context of banking and personal finance. In banking terms, visible balances usually refer to the funds or money that an individual or organization has in their account, which can be easily verified through bank statements or online banking platforms. These balances include the amounts available for withdrawal, deposits, or any other financial transactions.
In conclusion, visible balances in finance and accounting represent the explicit and observable amounts of money or assets that can be readily identified, recorded, and presented in financial statements or accounts. They serve as essential indicators of a company's financial health or an individual's financial position. These balances are tangible and supported by credible evidence, providing a transparent snapshot of the financial situation.
Common Misspellings for VISIBLE BALANCES
- cisible balances
- bisible balances
- gisible balances
- fisible balances
- vusible balances
- vjsible balances
- vksible balances
- vosible balances
- v9sible balances
- v8sible balances
- viaible balances
- vizible balances
- vixible balances
- vidible balances
- vieible balances
- viwible balances
- visuble balances
- visjble balances
- viskble balances
- visoble balances
Etymology of VISIBLE BALANCES
The term "visible balances" does not have a specific etymology because it is a combination of two separate words: "visible" and "balances".
"Visible" is derived from the Latin word "visibilis", which means "that can be seen" or "able to be perceived by the eyes". It is related to the Latin verb "videre", meaning "to see".
"Balances" comes from the Old French word "balance", which originally comes from the Latin word "bilanx". "Bilanx" was a type of instrument used for weighing, which eventually evolved into the modern concept of "balance", referring to an instrument or a state of equilibrium.
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