Vanguard 1's experiments and transmitter fell silent in 1964, and the satellite has been out of contact with Earth since then. But now fate is offering Vanguard yet another chance to live up to its pioneering name.
Balancing of Cash Book. All cash transactions relating to cash receipts (debits) are entered on the left side and all transactions relating to cash payments (credits) are entered on the right side. When a cash book is maintained, a separate cash book in the ledger is not opened. The cash book is balanced in the same way as an account in the ledger. But it may be noted that in the case of the cash book, there will always be debit balance because cash payments can never exceed cash receipts and cash in hand at the beginning of the period. The source document for cash receipts is generally the duplicate copy of the receipt issued by the cashier.
A running balance is the sum total of funds that are present in a given credit or debit account. A balance of this type may be related to the current amount owed on a local store account, a credit card, or even the current amount of a tab ran at a local pub or tavern. At the same time, it cany refer to the amount of resources currently housed in a savings or checking account, or some other type of interest bearing investment. There are a number of reasons why maintaining a running balance is important. In terms of the balance on a checking account, checking the current status of that balance from time to time makes it possible to know how much money is available.