Two Advantages of Carrying Cash Are That It's Easy to Spend

question 101

True/False

Two advantages of carrying cash are that it's easy to spend and many times you can even recall where you spent it.

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Definitions:

Revenues

The total income generated by a company from its business activities, typically from the sale of goods and services to customers.

Common Stock

A type of security representing ownership in a corporation, giving holders a share of profits in the form of dividends and voting rights in corporate matters.

Liability Accounts

Financial obligations or debts of a business that are recorded on its balance sheet.

Asset Accounts

These accounts record resources owned or controlled by a company that have economic value and can provide future benefits.