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.
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balancing item

see BALANCE OF PAYMENTS.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
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