Which of the statements below describe the goals and principles of cash manement? Money should...

80.2K

Verified Solution

Question

Accounting

Which of the statements below describe the goals and principles of cash manement?
Money should be spent only when it is available.
Encourage quick collection of receivables.
Encourage quick payment of liabilities.
Plan cash receipts to meet cash payments when due.
Keep a minimum level of cash necessary to operate.
Excess cash should be kept on hand to pay bills.
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students