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.
Therefore, outstanding checks are listed on the bank reconciliation as a decrease in the balance per bank. Recall the helpful tip put it where it isn't.. An outstanding check is on the company's books, but it isn't on the bank statement. Put it where it isn't: as an adjustment to the balance on the bank statement.