Explain Control of Cash
Explain Control of Cash. Illustrate briefly.
Expert
Control of Cash: As cash is a liquid asset therefore, it is simple to transfer or exchange. Big number of accounting and financial scandals is associating to misappropriating funds, money and cash. Therefore, it is the prime duty of account manager to manage cash daily basis from point of sale and must send it to bank. Efficient internal audit of cash is also helpful for efficient control of cash. When the organization has independent department for inspection cash physically, then it has minimum chance to commit fraud in cash. To accept and pay the payment through electronic form is good way to decrease cash dealing. With this, no requirement to keep big amount in business office.
Investment approach of Warren Buffet: According to Benjamin Graham, the father of securities analysis, value investment was the only form of investment which means that purchasing a stock at less than its intrinsic
Due Diligence:1. General: Assess of prudence, accountability, and diligence which is expected from, and ordinarily exercised by, a reasonable and prudent person beneath the situations.
On December 31, 20x1, the Juniper Company purchase a group of four assets for a total cost of $850,000. An independent appraiser assesses the fair value of each asset as follows: Asset Fair Value Land $100,000 Building 600,000 Equipment 250
Identification of Responsibility Centre: Profit centre has been taken as the responsibility centre. Profit centre is the one in which both the revenue and costs are accounted for. The difference between them is the profit so the managers for this cent
Introduction Your task is to produce a Java program, which can calculate income tax and investment growth based on the yearly income/salary of an individual. Below the details are descr
What is offshore banking center?
Define the term Assets in Accounting?
What is the meaning of Electronic Fund Transfer. Briefly describe it.
What are the various aspects of Creativity on an individual in the creative industry ?
Explain criteria for the ‘good’ international monetary system.
18,76,764
1939091 Asked
3,689
Active Tutors
1443810
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!