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Opening Balance

   Also found in: Acronyms 0.01 sec.
Opening Balance
The amount of funds in an account at the beginning of a period, especially a month or year. For example, if one has a bank account with a balance of $1236 at the end of August, this becomes the opening balance for the beginning of September.

opening balance
The balance in an account at the beginning of a period.


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Hand it to the shop assistant with an opening balance to put on your card -min.
We've teamed up with West Bromwich Building Society to give Sunday Mercury readers the chance to win one of four Branch Bonus (Issue 2) Accounts, complete with an opening balance of pounds 250.
Adjusting an Excel financial model for goodwill If we were building an Excel financial model for the acquisition of a business and wanted to integrate all the above, we would expect the model to contain: - A sources and uses table included in assumptions for the model, just like the sources and uses table above; - An opening balance sheet for the business being purchased; - Adjustments to the opening balance sheet, drawing in part on information contained in the sources and uses table.
 
 
 
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