It is usually a good business practice to maintain as large a balance in the Cash account as possible.

Name: It is usually a good business practice to maintain as large a balance in the Cash account as possible.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

It is not a good business practice to maintain a large balance in the Cash account as it means that the company is not utilizing its cash efficiently. It is important to balance having enough cash on hand for immediate needs with investing excess cash to earn a return on it.

It Is Usually a Good Business Practice to Maintain as Large