The difference between Account and Balance

When used as nouns, account means a registry of pecuniary transactions, whereas balance means a state in which opposing forces harmonise.

When used as verbs, account means to present an account of, whereas balance means to bring (items) to an equipoise, as the scales of a balance by adjusting the weights.

check bellow for the other definitions of Account and Balance

  1. Account as a noun (accounting):

    A registry of pecuniary transactions; a written or printed statement of business dealings or debts and credits, and also of other things subjected to a reckoning or review.

  2. Account as a noun (banking):

    A sum of money deposited at a bank and subject to withdrawal.

    Examples:

    "to keep one's account at the bank."

  3. Account as a noun:

    A statement in general of reasons, causes, grounds, etc., explanatory of some event; a reason of an action to be done.

    Examples:

    "No satisfactory account has been given of these phenomena."

  4. Account as a noun:

    A reason, grounds, consideration, motive.

    Examples:

    "on no account"

    "on every account"

    "on all accounts"

  5. Account as a noun (business):

    A business relationship involving the exchange of money and credit.

  6. Account as a noun:

    A record of events; recital of transactions; a relation or narrative; a report; a description.

    Examples:

    "An account of a battle."

  7. Account as a noun:

    An estimate or estimation; valuation; judgment.

  8. Account as a noun:

    Importance; worth; value; esteem; judgement.

  9. Account as a noun:

    An authorization to use a service.

    Examples:

    "I've opened an account with Wikipedia so that I can contribute and partake in the project."

  10. Account as a noun (archaic):

    A reckoning; computation; calculation; enumeration; a record of some reckoning.

  11. Account as a noun:

    Profit; advantage.

  1. Account as a verb (obsolete, transitive):

    To provide explanation. To present an account of; to answer for, to justify. To give an account of financial transactions, money received etc. To estimate, consider (something to be as described). To consider . To give a satisfactory evaluation financial transactions, money received etc. To give a satisfactory evaluation (one's actions, behaviour etc.); to answer . To give a satisfactory reason ; to explain. To establish the location someone. To cause the death, capture, or destruction of someone or something (+ ).

    Examples:

    "An officer must account with or to the treasurer for money received."

    "We must account for the use of our opportunities."

    "Idleness accounts for poverty."

    "After the crash, not all passengers were accounted for."

  2. Account as a verb (transitive, now, _, rare):

    To count. To calculate, work out (especially with periods of time). To count (up), enumerate. To recount, relate (a narrative etc.).

  1. Balance as a noun (uncountable):

    A state in which opposing forces harmonise; equilibrium.

  2. Balance as a noun (uncountable):

    Mental equilibrium; mental health; calmness, a state of remaining clear-headed and unperturbed.

  3. Balance as a noun (literally, or, figuratively):

    Something of equal weight used to provide equilibrium; counterweight.

    Examples:

    "These weights are used as a balance for the overhanging verandah."

    "Blair thought he could provide a useful balance to Bush's policies."

  4. Balance as a noun:

    A pair of scales.

  5. Balance as a noun (uncountable):

    Awareness of both viewpoints or matters; neutrality; rationality; objectivity.

  6. Balance as a noun (uncountable):

    The overall result of conflicting forces, opinions etc.; the influence which ultimately "weighs" more than others.

    Examples:

    "The balance of power finally lay with the Royalist forces."

    "I think the balance of opinion is that we should get out while we're ahead."

  7. Balance as a noun (uncountable):

    Apparent harmony in art (between differing colours, sounds, etc.).

  8. Balance as a noun (accounting):

    A list accounting for the debits on one side, and for the credits on the other.

  9. Balance as a noun (accounting):

    The result of such a procedure; the difference between credit and debit of an account.

    Examples:

    "I just need to nip to a bank and check my balance."

  10. Balance as a noun (watchmaking):

    A device used to regulate the speed of a watch, clock etc.

  11. Balance as a noun (legal, business):

    The remainder.

    Examples:

    "The balance of the agreement remains in effect."

    "The invoice said he had only paid $50. The balance was $220."

  12. Balance as a noun (obsolete, astrology):

    Libra.

  1. Balance as a verb (transitive):

    To bring (items) to an equipoise, as the scales of a balance by adjusting the weights.

  2. Balance as a verb (transitive, figurative):

    To make (concepts) agree.

  3. Balance as a verb (transitive):

    To hold (an object or objects) precariously; to support on a narrow base, so as to keep from falling.

    Examples:

    "I balanced my mug of coffee on my knee."

    "The circus performer balances a plate on the end of a baton."

  4. Balance as a verb (transitive):

    To compare in relative force, importance, value, etc.; to estimate.

  5. Balance as a verb (transitive, dancing):

    To move toward, and then back from, reciprocally.

    Examples:

    "to balance partners"

  6. Balance as a verb (nautical):

    To contract, as a sail, into a narrower compass.

    Examples:

    "to balance the boom mainsail"

  7. Balance as a verb (transitive):

    To make the credits and debits of (an account) correspond.

    Examples:

    "This final payment, or credit, balances the account."

    "to balance a set of books"

  8. Balance as a verb (intransitive):

    To be in equilibrium.

  9. Balance as a verb (intransitive):

    To have matching credits and debits.

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