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Which of the following is the most logical reason that many organizations rely heavily on personal selling?
Cash Account Balance
Cash account balance represents the amount of cash or cash equivalents a company or individual holds in their account at any given time.
Outstanding Checks
Checks that have been written and recorded in a company's books, but not yet cleared or deducted from the bank account balance.
Deposits In Transit
Funds that have been received and recorded by a business but not yet credited by its bank, affecting the reconciliation of bank statements.
Cash Receipts
Money received by a business during a given period, from activities such as sales, services, loans, or equity infusions.
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