Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter10: Auditing Cash, Marketable Securities, And Complex Financial Instruments
Section: Chapter Questions
Problem 1CYBK
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Why is cash management important?
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Step 1
Cash management is a technique used to manage cash of the entity. It helps in managing the cash that is flowing into the business and cash that it going outside the business. Cash is an important asset of the business. Therefore, it should be managed in a way that profits should be maximized.
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