Cash & Cash Equivalents Introduction: Cash & cash equivalents may constitute a significant proportion of the total assets of an entity. It is the most liquid asset found within the asset category of a company ’s balance sheet. It is an important criterion to evaluate the liquidity and the short term solvency of a business venture. Liquidity and short term solvency means the ability of the business to pay its short term liabilities. Inability to pay-off short term liabilities affects its credibility
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Cash or Not? Whether or not cash should be eliminated is a big debate in our world today. Cash should not be eliminated to provide for safer control of your money. Without cash‚ plenty of problems appear like acts of crime‚ not having banking connections‚ and having your personal information on record. To start off with‚ criminals and hacking progress as technology does. In the Upfront magazine article called "The End of Cash"‚ the author says‚ "Security experts worry‚ for example‚ that hackers could
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1888 The First National Manual Cash Register In 1883 on January the 30th James Ritty receives a Patent for inventing the cash register. Ritty owned a cafe in Dayton in the 1870s it was a popular cafe but somehow always lost money Ritty then blamed the bartenders and other workers for stealing. What Ritty dealt with was very common in the late 1800s. Ritty later went on a vacation on a ship whist on the ship he observed the workings of an automatic device that recorded the revolutions of the ship’s
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meaning A budget (from old French bougette‚ purse) is a financial plan and a list of all planned expenses and revenues. It is a plan for saving‚ borrowing and spending.[1] A budget is an important concept in microeconomics‚ which uses a budget line to illustrate the trade-offs between two or more goods. In other terms‚ a budget is an organizational plan stated in monetary terms. In summary‚ the purpose of budgeting is to: 1. Provide a forecast of revenues and expenditures‚ that is‚ construct
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Introduction A budget is a financial plan and a list of all planned expenses and revenues. It is a plan for saving‚ borrowing and spending. It is also an important concept in microeconomics‚ which uses a budget line to illustrate the trade-offs between two or more goods. In other terms‚ a budget is an organizational plan stated in monetary terms. But now-a-days a budget is something more than an estimate of revenue and expenditure. There is no alternative of budget for the implementation of development
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2.4.3 CASH 2.4.3.1 POLICY 1. The amount of cash kept in the office must be kept to a minimum to reduce the risk of fraud or theft. This amount should be determined by the PO or CO Head of Finance on the basis of regular cash requirements. An imprest petty cash system should be implemente (see Annex 2.4.03 Petty Cash Book template‚ and below Guidelines). 2. The maximum imprest for a petty cash fund should not exceed the equivalent of CHF 2‚000. The PO Representative or Country
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TO GOVERNMENT BUDGET UNDER THE FOURTH REPUBLIC: A STUDY OF THE NDC BETTER GHANA AGENDA PHASE I (2008- 2012) Introduction In almost all political systems‚ it is generally accepted that the executive has the primary role in developing an annual budget and presenting it to the legislature. The legislature has the right to review‚ debate‚ in some cases amend‚ and approve or reject the spending plan proposed by the executive. Within this broad framework‚ the actual workings of the budget process vary
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Capital budgeting is a step by step process that businesses use to determine the merits of an investment project. The decision of whether to accept or deny an investment project as part of a company’s growth initiatives‚ involves determining the investment rate of return that such a project will generate. However‚ what rate of return is deemed acceptable or unacceptable is influenced by other factors that are specific to the company as well as the project. For example‚ a social or charitable project
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DATE : November 9‚ 2012 ATTENTION : MS. AURORA O. ALGODON President/CEO MAHARLIKA TRIBE MONARCH FOUNDATION‚ INC. Carmen‚ Davao City RE : Interim Memorandum of Agreement of Proposed Budget for Radio‚ Newspaper and TV FROM : MR. JOSEPH T. LAGUA Founding Chairman People’s Network and Media Communications ------------------------------------------------- (PNMC) I. COMPANY: Our entity‚ People’s Network and Media Communications (PNMC) is a media organization that
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budgeting E-Book Basic definations i. A budget is a detailed quantitative plan for acquiring and using financial and other resources over a specified forthcoming time period. 1. The act of preparing a budget is called budgeting. 2. The use of budgets to control an organization’s activities is known as budgetary control. Difference between planning and control i. Planning involves developing objectives and preparing various budgets to achieve those objectives. ii. Control involves
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