In accounting, a balance is the net difference between the total amounts of debits and credits listed in an account. When the debit total exceeds the credit total, an account is said to have a debit balance. In the reverse situation, it has a credit balance. When the debit and credit totals are identical, the account has a zero balance. The term also refers to the amount of principal remaining on a loan. The term can also apply to the remaining balance in a bank account.