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.
As you can observe the first calculation, where you need to add the opening balance in your account, is crucial. You can add numbers using the '+' sign or by placing ',' between the the numbers. First use the Excel sum function in the first two rows as demonstrated. Next use the Excel autofill function to calculate the running balance.