Discuss why cash is considered as a life blood for any business.
Cash is one of the most common current assets in a company's financial statements. This normally includes cash and cash equivalents which can be used for purchases and payments of expenses.
Answer and Explanation:
Cash is considered as the life blood for any business because company's operations will depend on the amount of cash it has. It should be circulated...
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Learn more about this topic:
from Finance 101: Principles of FinanceChapter 18 / Lesson 4