Cash is an asset that must be safeguarded because ________.

Name: Cash is an asset that must be safeguarded because ________.
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Question

Quizplus · Accepted Answer

Cash is easily stolen or embezzled, and as it is a liquid asset, it can be difficult to trace or recover. Therefore, it poses a significant risk to businesses. Additionally, because cash transactions are often not recorded, it can be difficult to prove ownership or track the flow of cash. All of these factors make it essential to safeguard cash.

Cash Is an Asset That Must Be Safeguarded Because ________