An account balance refers to the current amount of money available in your account. There are two main contexts to consider:
For your personal accounts: This could be your checking or savings account at a bank, or the cryptocurrencies readily available in your crypto wallet. It's the money you can access right away.
For company accounts (in accounting): This is the difference between all the debits and credits recorded in a company's account. Debits represent money flowing out, while credits represent money coming in. So, the account balance shows the company's net financial position.
