The Kinetic Molecular Theory (KMT) is a model used to explain the behavior of matter. It is based on a series of postulates. Some of the postulates of KMT are as follows: 1  Matter is made of particles that are constantly in motion.
In banking and accountancy, the outstanding balance is the amount of money owed, (or due), that remains in a deposit account. In bookkeeping, âbalanceâ is difference between the sum of debit entries and the sum of credit entries entered into an account during a financial period. When total debits exceed total credits, the account indicates a debit balance. The opposite is true when the total credit exceeds total debits, the account indicates a credit balance. If the debit/credit totals are equal, the balances are considered zeroed out. In an accounting period, balance reflects the net value of assets and liabilities. To better understand balance in the accounting equation.
Current outstanding balance on your credit card. Your goal for paying off this credit card. This is the number of months by which you would like to have completely paid off this credit card balance. Current monthly payment. The amount you are currently paying per month on this credit card. Please enter the amount you actually pay, not the minimum payment. This amount is used to calculate how long it will take you to pay off your balance. Total new charges you expect to put on this credit card per month.