| Term | Balancing item | | Definition | An account is "closed" by introducing a balancing item defined residually as the difference between the two sides of the account; a balancing item typically encapsulates the net result of the activities covered by the account in question and is therefore an economic construct of considerable interest and analytical significance - for example, value added, disposable income, saving, net lending and net worth. | | Paragraphs | 1.3.;[3.64.] |
|
|
