Which of the following is the most useful tool for managing cash?

Question

Quizplus · Accepted Answer

A cash budget is the most useful tool for managing cash as it helps in tracking incoming and outgoing cash flows, identifying potential cash shortages, and making necessary adjustments to cash management strategies. Quick and current ratios are liquidity ratios that provide information on a company's ability to pay its short-term debts, while aging of debtors is a tool for managing accounts receivables. However, none of these tools specifically address the management of cash.

Which of the Following Is the Most Useful Tool for Managing