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What is the difference between ledger balance and available balance?

Reconciliation Accounting Accounts Payable Accounts Receivable Finance
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Question added by Majid Wangade , Senior Accountant , KANTOUR LIMITED COMPANY ( Real Estate, Construction and Asset Management )
Date Posted: 2015/12/17
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by Deleted user

Ledger balance- It is the available balance at the beginning of the day.

Available Balance- It is the ledger balance  at the end of the day plus minus of any cash transactions happened during the day.

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