For efficiency of operations and better control over cash, a company should maintain only one bank account.

Name: For efficiency of operations and better control over cash, a company should maintain only one bank account.
Brand: Quizplus
Rating: 4.9 (44 reviews)

Question

Quizplus · Accepted Answer

Maintaining multiple bank accounts can provide better cash management by allowing for separate tracking of funds for specific purposes or entities, as well as reducing the risk of disruption to all funds in the event of an issue with one account.

For Efficiency of Operations and Better Control Over Cash, a Company