victor manages an office supply store. his goal is to keep just enough cash on hand to pay the store's bills, including employee wages, supplies, and utilities, as they fall due. in this scenario, the cash victor keeps on hand is called

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14-10-2022
Business

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victor manages an office supply store. his goal is to keep just enough cash on hand to pay the store's bills, including employee wages, supplies, and utilities, as they fall due. in this scenario, the cash victor keeps on hand is called

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shardiksh890 shardiksh890 · Answer 1 · 2022-10-19T06:53:54+02:00

In this scenario, the cash Victor keeps on hand is called a transaction balance. A transaction account is one that you use for day-to-day banking activities such as paying bills and receiving your paycheck.

Transaction balance is a custodian fund that uses deposit bank accounts to track specific department deposits. Large campus departments with a high volume of deposit activity use TBA accounts.

A transaction account is one that you use for day-to-day banking activities such as paying bills and receiving your paycheck. Transaction accounts are also known as 'everyday accounts.' All posted credit and debit transactions are added to your account balance. It is the amount in your account before any pending charges are deducted.

Learn more on transaction balance-

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