BUSINESS ADMINISTRATION
MANAGEMENT INFORMATION SYSTEM
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Managing cash accounts belongs to what functional areas?
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Manufacturing and Production
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Sales and Marketing
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Finance and Accounting
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Human Resources
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Explanation:
Detailed explanation-1: -Cash management is the process of managing cash inflows and outflows. This process is important for individuals and businesses because cash is the primary asset used to invest and pay any liabilities. There are many cash management options available.
Detailed explanation-2: -What is Cash Management in Accounting? It is the optimum utilization of cash for ensuring liquidity and profitability and includes proper collection, investment, and cash disbursement.
Detailed explanation-3: -Cash management, also known as treasury management, has two main goals: to ensure that a business can pay its short-term financial obligations and to invest in business growth.
There is 1 question to complete.