All of the following are considered effective cash management principles except:
A) Encouraging collection of receivables by offering discounts for early payments.
B) Keeping only necessary assets.
C) Planning expenditures.
D) Retaining excess cash for unexpected expenditures.
E) Delaying payment of liabilities until the last possible day.
Correct Answer:
Verified
Q68: During the month of July,Clanton Industries issued
Q75: The checklist of steps necessary for approving
Q122: If a check correctly written and paid
Q128: Franklin Company's bank reconciliation as of August
Q130: Which of the following events would cause
Q132: Internal controls are crucial to global companies
Q134: In the process of reconciling its bank
Q135: Clayborn Company deposits all cash receipts on
Q136: A voucher system is a set of
Q137: Franklin Company deposits all cash receipts on
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents