FINANCIAL ACCOUNTING

Financial Accounting

Financial Accounting

Question 1

What are three rules for managing your cash?

Cash is an important element for managing the liquidity of the business. The three rules that are highly important for managing the cash flows are as follows.

Some portion of cash should be kept aside every month a person generates through his income. This money should be invested in saving funds or any other cash generation investment scheme that help in multiplying the cash (Brigham, 2008). Cumulating the increase in cash flow helps in increasing the financial position of a person.

Second rules for managing the cash surrounds managing the ...