Question

The financing section of a cash budget is needed if there is a cash deficiency or if the ending cash balance is less than Entry field with correct answer
a. management's minimum required balance.
b. the amount needed to avoid a service charge at the bank.
c. the prior years.
d. the industry average.

Answer 1

Answer:

A. Management's minimum required balance.

Explanation:

The minimum balance is the minimum dollar sum that a client must have in an account to get some service benefit, for example, keeping the account open or getting premium.