Monday, December 12, 2011

What is the difference between the Current Account Balance and Current Account Earnings?

In my finance textbook they are listed as two separate terms.|||Sure, your salesman just sold a fleet of trucks to a new transport company being formed. You deposit the check and you have just enlarged your current accounts. Then you wait a week before sending the money to the company that made the trucks. The bank pays you interest on the money sitting on account. The one is a value toward the current accounts balance, the other lends to current account earnings. Of course, you can figure out which from here, right?|||balance is the final total amount





earnings is the gain or interest generated from that account|||i am not so sure, is it related to the over drafted money?


for example:


my current account balance is 200


i can over drafted money is 2000


now i can use 2200 totally.


as you can see there are 3 numbers there. what do you see there?|||current account balance is the difference between savings and investment and current account earning is consider as profit or gain. Meaning your balance in your current account and earning or gain on your current account.

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