A cash balance may be computed
A) daily.
B) weekly.
C) at the end of the accounting period.
D) whenever desired.

Question

Quizplus · Accepted Answer

A cash balance may be computed whenever desired, as there can be various business needs for knowing the cash position, such as making decisions on investments, loans, or operational expenses. However, it is recommended to monitor it regularly to ensure adequate cash flow and avoid cash shortages.

A Cash Balance May Be Computed