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Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
Edition 16ISBN: 978-0077862381Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
Edition 16ISBN: 978-0077862381 Exercise 17
Which of the following practices contributes to efficient cash management
a.ever borrow money-maintain a cash balance sufficient to make all necessary payments.
b.ecord all cash receipts and cash payments at the end of the month when reconciling the bank statements.
c.repare monthly forecasts of planned cash receipts, payments, and anticipated cash balances up to a year in advance.
d.ay each bill as soon as the invoice arrives.
a.ever borrow money-maintain a cash balance sufficient to make all necessary payments.
b.ecord all cash receipts and cash payments at the end of the month when reconciling the bank statements.
c.repare monthly forecasts of planned cash receipts, payments, and anticipated cash balances up to a year in advance.
d.ay each bill as soon as the invoice arrives.
Explanation
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Cash management refers to the collection...
Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
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