Transactions balance
Transactions balance is the cash balance associated with payments and collections; the balance necessary for day-to-day operations.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Transactions balance. The cash balance associated with payments and collections; the balance necessary for day-to-day operations.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
