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.
To add a T-account for the cash account that has a balance of $500 and you then subsequently spend $300, .... $300 is credited and your end result is a debit of $200. A journal provides. a chronological record of transactions. An account consists of. a title, a debit side, and a credit side.