The definition of a datum is a fact used to make a conclusion or a point of reference in geography or geology. An example of a datum is a new scientific discovery used to reach a conclusion about the common cold.
How do you estimate minimum cash balance for the company? 2 ways I heard about are: 1) keep it equal to cash balance on B/S and 2) based on Net Working Capital. Is any of those methods preferred? Is there any other school of calculation that? And, if NWC method, then what exactly do you include in calculation (like include or excl.
Increasing Funds. 1  Complete a Establish a New Petty Cash/Cash in Drawer Fund or Change Initial Amount Form. 2  Once approval is received to increase your petty cash/cash drawer, complete a DV, payment reason âZâ, for the additional funds using the employee record instead of the Petty Cash Vendor record.