What is balance?

What Does balance Mean

From the Latin word solĭdus , the term balance originated in our language , which can be defined as the result obtained after making an account or analyzing a question that has been finalized.

For example: “I think the balance of the tournament is positive: we won five games, we tied two and lost only one” , “The balance for the first quarter is encouraging” , “The police operation left seven people arrested” .
In the field of accounting , the balance is the difference that exists in the assets or income and the debit or expenses . If we think of a balance sheet that is developed to carry the family economy, the money that comes in will be recorded in the asset column (salaries, interest charges, investment earnings, etc.) and in the debit column, the money that is received. spend (payment of services and taxes, purchase of products). The difference between the two columns will be the balance, which can be a credit balance (when the credit is greater than the debit), the debit balance (when the debit exceeds the credit) or null balance (There are no differences between credit and debit).

In summary, if in a given month, a family receives $ 10,000 and spends 8,000 , it will have a credit balance of $ 2,000 . Given the economic situation of most people in a time of crisis, null and debit balances are more common: spending up to the last coin and reaching the end of the month with just enough, or exhausting all the money before collecting the next salary, and depend on loans to survive.
For businesses , the balances are the products that are offered at a reduced price with the intention of selling them in the short term: "Next week the balances will begin in the downtown stores" , "Do you like this jacket? I found it among the balances of the shopping center ” .
There are several stores that offer stocks of very popular products on the Internet , and in the same way there is a type of buyer who always looks for these discounts before deciding to spend their money. On the other hand, to maintain balance, the most comfortable or suspicious people prefer to go to traditional sites, even if this has a negative impact on their pocketbook.
In the cell phone or mobile , finally, the balance is the money available on a card online or to communicate. Broadly speaking, mobile telephony is offered in two modalities: by contract , which provides customers with a series of well-defined benefits in a package for which they pay a fixed amount every month; with a card , which works based on a cash balance, which is consumed as the different services are used, until it is necessary to recharge.

The balance of a mobile phone represents an amount of money that we have deposited in our account , as it happens with credit or debit cards, with a fundamental difference: once a recharge has been made, the amount belongs to the telephone company, even if it is for our use of the device. In other words, it is more similar to the entrances ( tickets, tickets, passes or vouchers , among other possible names) of amusement parks, which give us access to a certain number of games and shows within a defined period, according to the price we pay and promotions we take advantage of, for example.
While a contract gives us benefits such as a flat data rate to surf the Internet, the card option usually leads to a direct decrease in the balance for each mega used. In the same way, telephone calls cost more and are charged individually, unlike plans such as those that make all calls to national numbers free, typical of the contract mode.

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