Question
Cash is the term used in accounting to identify money, duplicates of credit cards and EFTPOS (electronic fund transfer at point of sales), sales and
Cash is the term used in accounting to identify money, duplicates of credit cards and EFTPOS (electronic fund transfer at point of sales), sales and any other negotiable instrument, such as a cheque or postal note, travelers'' cheque and bank draft that a bank or financial institutions will normally accept as a deposit to the depositor's account. Cash is the asset most subject to the misappropriation if not properly controlled by the organization.
Discuss any TWO (2) ways of effective management to control the cash.
Provide your answer with relevant explanations and examples.
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