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.
What is the main difference between the periodic and perpetual process, how will you record it in your note-book?
Describe the term Arbitrage.
Define deviance; give three illustrations of deviant behavior and use them to explain why deviance is socially constructed.
Give a short introduction of the term “sales budget”? While preparing the sales budget what are the factors which can be taken?
List the important types of the international bond market instruments.
Write some of the advantages and disadvantages of closed-end country funds (CECFs) with respect to the American Depository Receipts (ADRs) as means of the international diversification.
Banks find it essential in order to accommodate their client’s requirements for buying or selling foreign exchange forward, in several instances for the hedging purposes. How the bank can eliminate the exposure of the currency it has made for itself by acc
It is extremely difficult in order to forecast future exchange rates more precisely as compared to forward exchange rate or to the current spot exchange rate, as per the researchers. How these findings can be interpreted?
Explain how does time draft become a banker’s acceptance?
You expect the price of the stock 3 years from now to be $119.04 (i.e., you expect P ˆ 3 ?? = $119.04). Discounted at a 10% rate, what is the present value of this expected future stock price? In other words, calculate the PV of $119.04.&nb
18,76,764
1940094 Asked
3,689
Active Tutors
1437265
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!