The sum of money that has actually been received and paid out of a depositor's account is termed _____.

Question

Quizplus · Accepted Answer

The term "bank available balance" refers to the actual amount of money that is available in a depositor's account, after all deposits and withdrawals have been processed by the bank. This is the balance that the depositor can actually use for transactions and expenses. Option A, bank ledger balance, refers to the balance shown in the bank's records, which may not reflect all transactions that have been made. Option B, company book balance, is not relevant to a depositor's account. Option D, overdraft balance, refers to a negative balance that occurs when withdrawals exceed the available balance, which is not applicable in this context.

The Sum of Money That Has Actually Been Received and Paid