Cambodian definition, of, relating to, or characteristic of Cambodia, its people, or its culture. See more.
Outstanding Principal Balance The outstanding principal balance of a mortgage is simply the total amount of money it would take to pay off the loan in full. How much this amount is depends on how much was originally borrowed, how much has been paid down, and what the annual interest rate is.
See the Open Invoices Report (Picture 1). Mr. Jones has a balance remaining of $10.00 which is never going to be paid. You can choose to write this $10.00 off to bad debt using the method in #1, or just adjust the sales account by $10.00 as it is a small amount.