Balance (bottom line)

In general, the difference between the credit side and the debit side of an account. – In particular, in a balance sheet, the last line with the result as profit or loss (the result [gain or loss] reported by a business, which is the last, or bottom line, in its income statement. – By the way: in English language the term “bottom line” as an accounting-based word has taken on a much broader connotation in everyday use, referring to the ultimate or most important effect or outcome of something). In the case of a loss, one also speaks of a credit balance, and in the case of a profit, of a debit balance. – See Expense surplus, Operating profit, Trading profit Balance prohibition, Balance payment.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
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