Which of the following is a broad principle of cash management that helps ensure that a business remains solvent?
A) Collect cash owing from accounts receivable as quickly as possible.
B) Invest any cash that is surplus to requirements to earn a return for the business.
C) Pay accounts payable just before the due date rather than when the statement is first received.
D) All of the above
Correct Answer:
Verified
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A)
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