Zero balance accounts

a.ensure balances do not go to zero or negative

b.are accounts with zero balances unless specific disbursements, typically used for payroll

c.are not available, as bank's require businesses to maintain minimum balances

An AR Aging Schedule or Report includes all of the followingexcept: (select one)

a.Customer name

b.Date of report

c.Days past due since invoice

d.Balances owed by the customer

e.Products purchased by the customer

If a company is selling to Walmart, and Walmart requires the company never run out of inventory, a level of safety stock is a prudent inventory management system,

Select one:

True

False

The difference between the balances shown in a firm's accounting system and actual balance shown by the bank is defined as (select one)

a.buoyancy

b.float

c.sink

d.kiting

A schedule of cash receipts, disbursements and balances over time is known as a (select one)

a.cash budget

b.capex budget

c.revenue budget

d.expense budget