The term Cash Management refers to the day-to-day administration of managing
Cash management allows estimating the cash profits and not just profits from outstanding
incomes and credit sales. It helps in detecting cash embezzlement. It allows in speeding up the
working capital cycle. It helps in rewarding such debtors that make quicker payments.
Discuss in detail the services generally offered by banks under the Cash management services
arrangement.
Step by step
Solved in 2 steps