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.
In a typical cash balance plan, a participant's account is credited each year with a pay credit (such as 5 percent of compensation from his or her employer) and an interest credit (either a fixed rate or a variable rate that is linked to an index such as the one-year treasury bill rate). cash balance plan is a defined benefit plan that defines the benefit in terms that are more characteristic of a defined contribution plan. In other words, a cash balance plan defines the promised benefit in terms of a stated account balance.