Management only needs to know how much cash is available at the end of the month (when the bank reconciliation is prepared).

Name: Management only needs to know how much cash is available at the end of the month (when the bank reconciliation is prepared).
Brand: Quizplus
Rating: 4.7 (33 reviews)

Question

Quizplus · Accepted Answer

Management needs to be aware of the company's cash position on an ongoing basis, not just at the end of the month, to make informed decisions, manage cash flow effectively, and ensure financial stability.

Management Only Needs to Know How Much Cash Is Available