Final answer:
Cash disbursements are all the checks written or cash paid out in a given period of time.
Step-by-step explanation:
Cash disbursements refer to all the checks written or cash paid out in a given period of time. In the context of accounting and finance, cash disbursements are considered as an outflow of funds from a business or organization. This includes payments made to suppliers, employees, or any other expenses incurred by the business.
For example, if a company issues payment checks to its suppliers for goods or services received, these checks represent cash disbursements. Similarly, if a business pays its employees in cash or through direct deposit, those disbursements also fall under this category.
Cash disbursements are an important aspect of managing a company's cash flow and play a key role in ensuring financial stability and meeting financial obligations.