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.
You increase your cash account for the amount of the deposit immediately. The bankâs delay in posting the deposit means that you have a reconciling item. The bank statement balance would need to be credited (or increased) to reflect the true amount of cash. For example, assume your bank balance was $5,000. You deposited $1,500 on July 31st.