Unformatted text preview: Management of Cash - Cash management is important because — Although the cash balance may be small at any one
time, the flow of cash can be enormous — Cash is the most liquid asset, and it is enticing to
thieves and embezzlers — Adequate cash is essential to the smooth functioning
of operations — Businesses should not hold excess cash because
cash itself does not earn income ...
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- Fall '07
- Financial Accounting