UNEXPENDED BALANCE Meaning and
Definition
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The term "unexpended balance" refers to the amount of funds or resources that have not been utilized or spent within a given period. It is commonly used in the context of financial accounting and budgeting. An unexpended balance typically arises when the actual expenses incurred for a particular project, program, or budget category are less than the initially allocated amount.
An unexpended balance can occur in various settings, such as government entities, non-profit organizations, or even personal finances. It represents the remaining funds or resources that have not yet been applied or consumed.
The unexpended balance can have different implications depending on the context. In some cases, it may suggest effective cost management or efficiency in resource allocation. However, it can also indicate underutilization or inefficiency if the unexpended balance is significant and not in line with the original budget or projections.
Accounting principles mandate that unexpended balances be properly accounted for and reported. They are typically categorized in financial statements under specific headings, such as "unexpended funds" or "unrestricted reserves." These balances are crucial for financial analysis, decision-making, and planning.
In summary, an unexpended balance refers to the remaining funds or resources that have not been utilized or spent, often towards the end of a specified period. It signifies the difference between the allocated amount and the actual expenses incurred, with potential implications for financial management and future planning.
Common Misspellings for UNEXPENDED BALANCE
- ynexpended balance
- hnexpended balance
- jnexpended balance
- inexpended balance
- 8nexpended balance
- 7nexpended balance
- ubexpended balance
- umexpended balance
- ujexpended balance
- uhexpended balance
- unwxpended balance
- unsxpended balance
- undxpended balance
- unrxpended balance
- un4xpended balance
- un3xpended balance
- unezpended balance
- unecpended balance
- unedpended balance
- unespended balance
Etymology of UNEXPENDED BALANCE
The word "unexpended" is derived from the prefix "un-" meaning "not" or "opposite of", and "expended", which comes from the Old French word "despendre" meaning "to spend". "Balance" comes from the Latin word "bilanx" meaning "having two scales".
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