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.
The Cash balance which is the first line item under Current Assets at the top of the Balance Sheet is taken from the Ending Cash on the Cash Flow Statement. The Balance Sheet, unlike the Income Statement, is not a cumulative record over time; it is a snapshot of one moment in time. Cash Flow Statement The Cash Flow Statement connects the three financial statements together. The statement begins with Net Income from the Income Statement and the Ending Cash balance at the bottom Cash Flow Statement flows to Cash and Cash Equivalents at the top of the Balance Sheet. Practice Interview Questions: