Question

Prada is the finance manager of an electronic store. While handling the cash generated by the store, she makes sure that there is just enough cash on hand to pay normal daily expenses, like utility bills and employee wages. This cash can be referred to as:________

Answer 1

Answer:

transaction balances

Explanation:

Based on the information provided within the question it can be said that this cash can be referred to as transaction balances. This term refers to the amount of money held in cash by an individual/store/company to be used for day-to-day expenses that may arise. Which is exactly what Prada is doing, since she is using that balance to pay for daily expenses such as utility bills and employee wages.