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If a company is always paid in cash, it may face challenges such as difficulty in tracking income for accounting and tax purposes, leading to potential compliance issues. Additionally, handling large amounts of cash can increase the risk of theft or loss, as well as create security concerns. Furthermore, relying solely on cash transactions may limit the company's growth opportunities, as it may miss out on potential customers who prefer electronic payment methods.
What else can I help you with?
Which balance does a cash accounts always show?
In debit balance a cash account always shown.
A special cash fund used to make small payments that occur frequently is called a?
petty cash
Sample problem about cash and cash equivalents?
This is a great way to figure out how to keep track of your assets. You can find sample problems of this online.
Is cash a debit or credit account?
It is a debit from the company side it is always a debit and when you pay out cash it is a credit
What will the overall change in cash calculated on the statement of cash flow be always the same as?
The difference between the beginning and the ending cash balance on balance sheet.
Suggest problems which may occur in Cash Flow Forecast?
Problems that may occur in a cash flow forecast can range in many ways. An example of an issue is if a sales manager provided an estimated revenue of sales, and was not able to meet his expectations. This would pose a problem for the company's budget, as it expected a certain amount of revenue, and did not earn as much as anticipated.
Which balance does a cash accounts always show?
In debit balance a cash account always shown.
A special cash fund used to make small payments that occur frequently is called a?
petty cash
Suggest problems that may occur in cash-flow forecast?
Since the assumptions used in cash-flow forecasting may not necessarily come true, unreasonable forecasts may be produced. Also, one has to plan multiple scenarios in the forecast, which is tedious and may still not cover all possible outcomes.
Is it better to pay cash when buying a car?
When you pay cash your interest payment iszero , its always better to pay cash
What is an example sentence with the word cash in it?
I always use cash to pay for my groceries.
What is the problems of petty cash?
some time its subjected to theft. example;when some body wants petty cash fund
Is Sarah cash a good friend?
I think Sarah Cash is a really good friend because she can help you through your problems.
What are the problems that a company may encounter if it finds itself with excess of cash?
excess of cash will result in following problems: 1.loss of interest if cash were invested 2.loss of purchasing power during times of high inflation 3.security and insurance costs
Sample problem about cash and cash equivalents?
This is a great way to figure out how to keep track of your assets. You can find sample problems of this online.
If a business is started as a sole proprietorship then it becomes an llc but a new bank account isn't opened in the llc name until 3 months down road-what problems might occur?
You might not be able to cash a check written to the LLC.
Is cash a debit or credit account?
It is a debit from the company side it is always a debit and when you pay out cash it is a credit
