balancing item

Balancing Item

In accounting, an entry making an adjustment in cases in which two figures do not agree. For example, if two estimates of the value of an asset arrive at two different amounts, an accountant may enter a balancing item for the difference between the two to determine which calculation is correct.

balancing item

see BALANCE OF PAYMENTS.
References in periodicals archive ?
The subject of the contract includes the supply of net electricity for low voltage for the properties, owned and used by the municipality of svishtov, the municipal social services office, other educational activities, the culture center, the chistota - svishtov op, the pesari - svishtov op "," obredi - svishtov "op, inclusion of the objects in a standard balancing group with the contractor coordinator, provision of a service for forecasting the consumption, preparation and submission of hourly daily schedules by the balancing group coordinator, the balancing item and all activities related to participation in the liberalized electricity market of the contracting entity for a period of 2 years.
The conventional approach to the balance of payments assesses the current account as a function of comparative macroeconomic conditions and exchange rates, and then considers the financial account as a consequent balancing item. There is a distinct order to this method, whereby the current account always comes first, and the requisite offsetting capital flows come second.
The balancing item category represents the difference between the sum of the components of natural gas supply and the sum of the components of natural gas disposition.
"Emerging markets remain a very good balancing item of where growth is coming from," Anderson added
That is the context of yesterday's deal for Alvis to buy GKN Defence, in exchange for 29.9 per cent of its enlarged self plus a pounds 15 million balancing item.
This is illustrated in Chart 3 which shows the net financial surplus and the balancing item for industrial and commerical companies.
Seen as a potential balancing item, that is exactly what the Connecting Europe Facility (CEF) is apparently turning out to be.
Translation: cohesion policy cannot be the balancing item (the criticism levelled by the 15 against the Cypriot proposals).
Net worth, which is the balancing item for the Balance Sheet, is defined as the value of all the nonfinancial and financial assets owned by an institutional unit or sector less the value of all its outstanding liabilities, Although this definition places emphasis on assets and liabilities and the Changes in Balance Sheet Account draws further attention to the accumulation accounts by recapitulating the "changes in net worth due to ..." balancing items, most changes in the accumulation accounts only rearrange assets and liabilities if current account activity (i.e., saving) is excluded.
Three main arguments have been advanced to suggest why the basic balance and other measures of imbalance derived from the capital account may not be an appropriate policy concern; the uncertainty generated by the existence of the sizeable sectoral balancing item, the increased liquidity of international investments and the importance of speculative elements in determining the reported capital flows.
It could serve as a balancing item in very tough negotiations, in a context in which several states want to impose austerity on the EU budget, as is already the case with national budgets (Cyprus proposes 7.015 billion for digital networks, compared with 9.2 billion in the Commission's proposal).
Net imports and balancing item for 2007 2009 excludes net intransit deliveries.

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