Systems of Internal Control
Bermuda Six Pence From Coin Encyclopedia Cash can be defined as many things. Currency, Coins , Money orders, and bank drafts are all considered forms of cash. Cash in banks may be in the form of checking and savings accounts, while cash in business may be in the form of postage stamps and promissory notes. Nevertheless, cash is the currency of trade. For a business to perform either in terms of profit or on the stock market, the amount of cash it has on hand is called business liquidity . In the stock market, rising interest rates can jeopardize a company's stock . Rising interest means accumulating debt. If the company does not have liquid assets on hand, this debt becomes worse and may be easily reflected on the stock charts. Not being able to meet the cash requirements also means bankruptcy, even though a company might have a high net worth of long-term assets ! With liquidi...