Hello I have 4 questions:

Questions 1: What is cash? How do you determine the amount of cash to be reported on a balance sheet? What items should be included under cash balance?

Question 2: Internal controls are particularly important for the protection of cash. Cash is very portable. Has anyone had experience handling cash? If so, what controls were implemented by your employer?

Question 3: Why does GAAP favor the allowance method?

Question 4: Why do companies sell their receivables?