All Contracts, Whether Verbal or Written, Must Be for a Legal

question 4

True/False

All contracts, whether verbal or written, must be for a legal purpose and in order to be enforceable, must consist of an offer, acceptance and consideration.

Identify and describe the principles of internal control.

Explain the significance and computation of days' sales uncollected ratio.

Understand the purpose and application of a voucher system in controlling cash disbursements.

Describe effective cash management principles and their application in business operations.