Credit balance and EXCO: Difference between pages

Revision as of 17:29, 10 December 2017

EXecutive COmmittee.

A committee of the main board of directors, with responsibility for a particular area of work.

Sometimes written 'ExCo'.

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-. ''Financial accounting.''
+EXecutive COmmittee.
-This is either a liability or capital within the balance sheet, or revenue within the profit and loss account (or income statement).
-. ''Banking.''
+A committee of the main board of directors, with responsibility for a particular area of work.
-In banking a credit balance - in the bank's records - is one which stands in favour of the customer.  The bank owes money to the customer.
-(Contrasted with a debit balance in the bank's records.  Being a balance standing in favour of the bank.)
+Sometimes written 'ExCo'.
 == See also ==
-* [[Balance sheet]]
+* [[ALCO]]
-* [[Capital]]
+* [[Board of directors]]
-* [[Debit balance]]
+* [[Corporate governance]]
-* [[Liabilities]]
+* [[Remuneration committee]]
-* [[Profit and Loss account]]