Tammy is talented at craft but lacks the cash flow management skills required to run a business. she opens a store, tammy's craft corner, with the of her son david - a business major - who manages the budgets and expenses of the business. david prepares the quarterly budget and maintains a company book for recording all transactions. the company book balance that david regularly updates is the sum of: (a) the cash inflows and cash outflows recorded in the firm's accounting records.(b) any deposits the holder has made after bank closing.(c) the cost of processing order.(d) the cash input that support company's production.

The correct answer is A) payables.

Tammy is talented at the craft but lacks the cash flow management skills required to run a business. She opens a store, Tammy's Craft Corner, with the help of her son David - a business major - who manages the budgets and expenses of the business. David prepares the quarterly budget and maintains a company book for recording all transactions. The company book balance that David regularly updates is the sum of payables.

The book balance describes the amount of money available that can be used to pay other businesses or purchase anything needed after the adjustment after deposits in transit or checks that are not been cleared. The payables are the business obligation to pay-off a debt to its suppliers or creditors.

The other options of the question are B) chargebacks, C) deposits, and D) receivables.

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