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Estimating shortage costs is quite challenging because it is difficult to predict the consequences of shortages
Cash Collections
The process of gathering all cash received from sales, services, or other sources.
Cash Budget
A forecast of cash inflows and outflows over a specific period, used for cash management.
Cash Receipts
The collection of money, typically in the form of cash or checks, by a business from its customers for goods or services provided.
Cash Disbursements
Outflows of cash for expenses, purchase of assets, or repayment of debt by a business within a given period.
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