question archive Prepare a brief memorandum for the President explaining the usefulness of the Cash Budget
Prepare a brief memorandum for the President explaining the usefulness of the Cash Budget
Subject:AccountingPrice:2.87 Bought7
Prepare a brief memorandum for the President explaining the usefulness of the Cash Budget. Be sure to include a Covering Letter. The Covering Letter should include as a minimum of: the date of your Report; who prepared the Report; why you prepared the Report; Name of the company.
Purchase A New Answer
Custom new solution created by our subject matter experts
GET A QUOTE
Answer Preview
Answer:
XYZ corporation
To: the president
From: abc, the cost accountant
Date: 01/01/2021
Subject: Usefulness of cash budget
Sir, im writing this memorandum to remember you about the importance and usefulness of cash budget
- We can avoid unnecessary borrowings for working capital
- We can stay in touch with the reality
- We become more resourceful
- We can quickly identify potential deficits
- Eliminate danger of theft
- To establish a appropriate credit period to debtor's
- It helps to avoid shortage of cash
With faithfully
abc
