What is floating balance and also tell me some accounting standards?

Answer 1

I presume is you mean "Float". There is no such accounting terninology such as floating balance. Float is:

"is 1. the time between the deposit of checks in a bank and when the amount is truly accessible; 2. the amount of funds represented by checks that have been written but not yet presented for payment. Some entities will 'play the float' by writing checks although there are insufficient funds actually on deposit to cover the checks; and, 3. to issue new securities through an underwriter."

link:http://www.ventureline.com/glossary_F.asp

Answer 2

Float Balance