Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881



Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881
Textbook Problem

Effective cash management and control includes all of the following except

  1. the use of a petty cash fund.
  2. bank reconciliations.
  3. purchase of stocks and bonds.
  4. short-term investments of excess cash.

To determine

Introduction:Effective cash management control is very important for business day to day transaction, because in the normal days company purchase the raw material, salary payment, factory rent payment like other normal transaction. Company need cash on the daily basic.

To choose:What is not included in Effective cash management and control.


Explanation for correct answers:

Effective cash management include the normal cash handling day to day transaction not for the investment purpose because cash management need to payment on the daily fixed payment.

Explanation for incorrect answers:

Option (a) the use of a petty cash fund. This payment made to normal small payment for the purchase of daily needs item.

Option (b) Bank reconciliation: This option is not include cash management because this is a process of a match cash book and pass book for some error...

Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started

Additional Business Solutions

Find more solutions based on key concepts

Show solutions add

What is trade associations role in encouraging ethics?

Foundations of Business (MindTap Course List)

(Cooperatives) How do cooperatives differ from typical businesses?

ECON: MICRO4 (New, Engaging Titles from 4LTR Press)

What are the two main causes of market failure? Give an example of each.

Principles of Microeconomics (MindTap Course List)

Define semi-precision measurement.

Precision Machining Technology (MindTap Course List)

Compute the future value of the following deposits made today: a. 10,000 at 6.75% compounding annually for 10 y...

Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)

What is a functional decomposition diagram (FDD) and why would you use one? Explain how to create an FDD

Systems Analysis and Design (Shelly Cashman Series) (MindTap Course List)

Select a rectangular (not square) HSS of A590 Grade C steel. a. Use LRFD. b. Use ASD.

Steel Design (Activate Learning with these NEW titles from Engineering!)

A scanner is a light-sensing output device.

Enhanced Discovering Computers 2017 (Shelly Cashman Series) (MindTap Course List)