List the Four Characteristics of Resources That Help an Organisation

question 89

Short Answer

List the four characteristics of resources that help an organisation succeed in a competitive market environment.

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Definitions:

Outstanding Checks

Checks that have been written and recorded in a company's books, but not yet cleared or deducted from the bank account balance.

Deposits In Transit

Funds that have been received and recorded by a business but not yet credited by its bank, affecting the reconciliation of bank statements.

Cash Receipts

Money received by a business during a given period, from activities such as sales, services, loans, or equity infusions.

Cash Sales

Transactions in which customers pay for goods or services at the time of purchase with cash.