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.
For balancing the cash book, just total both the sides, find the difference and show the difference on the credit side as âby balance carried downâ.on the last day of the period. This balance shows the amount of cash in hand in the beginning of the next period. In the next period, this balance is written in the debit side of the cash book as âto balance brought downâ. Lets see an example to understand the whole concept: Jan 1. Opening balance of cash-$10,000 . Jan 2.