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Management of Cash & Marketable Securities
SUBJECT : Financial Management
AUTHOR : KSOU
PUBLISHED ON : 16/09/13
NUMBER OF PAGES : ( 15 Pages)
PRICE : Rs 11.25

Cash is the most liquid current asset, the firm can immediately disburse it without any restriction. The firm should always keep sufficient cash. The balance of cash with it should not be too high or too low. All other current assets eventually converted into cash It includes coins, currency and cheques held by the firm. Cash management is a vital area of working capital management. The term cash is used in two senses. In a narrow sense it means currency & generally accepted equivalents of cash, such as chigoes, drafts and demand deposits in bands. The broad view of cash includes marketable securities also, because there can be readily sold and converted into cash.


 
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