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Are cashier's checks safe to use for large transactions?
Yes, cashier's checks are generally considered safe for large transactions because they are issued by a bank and are guaranteed funds.
Is a cashier's check safe to use for large transactions?
Yes, a cashier's check is generally considered safe for large transactions because it is issued by a bank and guaranteed to be paid.
Does Western Union report transactions to the IRS?
Yes, Western Union is required to report certain transactions to the IRS, such as large cash transactions or international transfers over a certain amount.
What is corporate banking its functions?
Banking services for large corporations or firms. This type of banking is designed to deal with major financial transactions that do not generally a definition of financing it is (often unsecured), cash management, and other banking services custom-tailored for large firms. Usually the definition of the business of banking for the purposes of corporate banking, directed at large business entities; private banking
What is the role of the finance function within a large organisation?
The role and the purpose of the accounting function can be identified 'to ensure the business's transactions are recorded and processed completely accurately and securely, and that relevant information is given to management'.
Why is profit important to a business?
because business is all about the large profit at low budget
Someone that is willing to invest in a risky venture on the chance of making a large profit?
entrepreneur
What is a person who invest in a risky venture hoping to make a large profit?
Investors Maybe speculator. Investors don't necessarily take large risks
What happened when a large number of private savings and loans and banks failed due to risky business practices?
gone
What is the definition of small business?
Whether small or large, "business is an organized effort by individuals to produce and sell for a profit, goods and services that satisfy societies needs."Whether small or large, "business is an organized effort by individuals to produce and sell for a profit, goods and services that satisfy societies needs."
What is materiality concept?
according to this concept accounts show transactions involving material sums.for example :a large business buys a computer for use in the business but treats it as an expense because for the business the sum spend on the computer, the sum is negligible.
Why is it important for a business to make a profit?
Profit is one of the most important business goals. It is the motivation of profit that drives many people towards starting out in business in the first place. If you have invested a large sum of capital into starting up a business you are going to want to see a return on this at some stage. If you wish to expand your business in the future reinvesting profits is one way of financing it. Unless a business can make profits, it is likely to close down due to a lack of funds.
What was partly responsible for falling stock prices reduced consumer confidence and the passage of the American Recovery and Reinvestment Act?
Risky business practices by large multinational corporations such as AIG
Why is journal sub divided?
When the size of business and number of transactions are large, recording of transactions in one journal will be inconvenient. It will also cause delay in collection and presentation of accounting information. Many of the transactions are repetitive in nature. If separate journals are maintained for recording transactions of a similar character, journalizing and posting will be easier and more convenient. For example, all cash transactions can be recorded in one ledger; all credit sales in another journal and so on.
Why is the journal sub divided?
When the size of business and number of transactions are large, recording of transactions in one journal will be inconvenient. It will also cause delay in collection and presentation of accounting information. Many of the transactions are repetitive in nature. If separate journals are maintained for recording transactions of a similar character, journalizing and posting will be easier and more convenient. For example, all cash transactions can be recorded in one ledger; all credit sales in another journal and so on.
Why is the journal sub-divided?
When the size of business and number of transactions are large, recording of transactions in one journal will be inconvenient. It will also cause delay in collection and presentation of accounting information. Many of the transactions are repetitive in nature. If separate journals are maintained for recording transactions of a similar character, journalizing and posting will be easier and more convenient. For example, all cash transactions can be recorded in one ledger; all credit sales in another journal and so on.
Are cashier's checks safe to use for large transactions?
Yes, cashier's checks are generally considered safe for large transactions because they are issued by a bank and are guaranteed funds.
