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.
DEFINITION of 'Cash Balance Pension Plan'. A pension plan under which an employer credits a participant's account with a set percentage of his or her yearly compensation plus interest charges.A cash balance pension plan is a defined-benefit plan.EFINITION of 'Cash Balance Pension Plan'. A pension plan under which an employer credits a participant's account with a set percentage of his or her yearly compensation plus interest charges.