Briefly explain useful tools and procedures for effectively managing cash

Q: Fabulous Company provided the following data concerning cash on July 31: Checks drawn Bank statement…

A: The bank reconciliation statement (BRS) is prepared to reconcile the balance of the passbook and the…

Q: What is the purpose of cashflow statement ? What are the activities  that are  affecting the…

A: The cash flow statement is one of the financial statements of the business. It records the cash flow…

Q: Define cash and cash equivalents and explain how to report them.

A: Cash and cash equivalents are the current assets of a company which are available as cash or readily…

Q: Compare the various cash management alternatives.

A: Cash management can be described as the method of cash collection and cash handling. Evaluation of…

Q: Describe the audit procedure for cash.

A: Step 1   Basically, cash is a very sensitive item and highly risky on which there is always a fear…

Q: Explain the term cash equivalents with examples.

A: Cash equivalents: Assets which are highly liquid in terms of quick payment and near to due date are…

Q: What will you do in the cash receipt during the current month? * O Multiply O Divide Add O Deduct O…

A: Introduction:- Prof of cash provides a greater degree of detail, and so makes it easy to identify…

Q: Using an example, compare and contrast physical delivery and cash settlement?

A: The two most prevalent stock derivatives traded on a stock market are futures and options. These are…

Q: Indentify some of key cash inflows and cash outflows?

A: Cash flows of the firm is the movement of cash to and from business. It includes all the inflows of…

Q: Data concerning the records of Tara Company for the months of J

A: Bank reconciliation Statement  A bank reconciliation statement compares an entity's bank account…

Q: Explain the possible restrictions on cash and their implications for classification in the balance…

A: Restricted Cash Restricted cash is define as the cash is not freely available for the company to…

Q: What are the Important elements of a cash disbursement control system?

A: Internal control: Internal control is a process which ensures continuous reliability of…

Q: Shown below is the bank reconciliation for Marikina Company for November 2006: Balance per bank,…

A: Cash Book is a real account in nature, it records all the cash receipts and payments made during a…

Q: Jose owes Pedro the sum of P 10,000 due on Dec.31,1978, and P 6,000. Due Dec.31,1980. However, with…

A: The formula to calculate amount when compounding interest is charged is  Amount = Principal ( 1 + r…

Q: Differentiate between cash inflows and cash outflows?

A: Cash flows refer to the movements of cash into and out of a business, commonly categorized as…

Q: The cash balance of Mendoza Company consists of the following on December 31, 2020: Cash on hand,…

A: A cash balance is the amount of money that a corporation currently has on hand. This money is held…

Q: explain how to get total cash available

A: Cash available means total cash in the hand of business in order to make payments and keep ending…

Q: Define Cashbook and also explain their types.

A: Cash book is a form of record keeping book which shows all cash receipts and cash payments of the…

Q: what apposing goals must be achieved in cash management?

A: Cash Management is the process of collecting the cash from various resources and effectively…

Q: cash transactions

A: When cash word , cheque word  are given in transaction are considered as cash transactions. Some…

Short-term Financing

Short-term financing occurs when a company finds an external funding source to run the business for a short period of time that takes less than a year to pay off. Working capital financing is another term for short-term financing. When a company's cash flow from operations is uneven, short-term financing is used to generate cash flow and cover operating expenses. Short-term finance is typically used by businesses to fund inventory, accounts receivable, and loans.