Two Key Elements of Effective Control for Cash Payments Are

question 29

Multiple Choice

Two key elements of effective control for cash payments are:

• A) business bank account and petty cash fund
• B) business bank account and cheque book
• C) cheque book and petty cash fund
• D) personal bank account and business bank account

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Definitions:

Foreseeable Future

A term used to describe a period of time in which events are predicted or expected to occur.

Market Return

The total return on an investment, reflecting both capital gains and dividends, over a specific period.

Required Return

The return a investor expects to earn on an investment, taking into account the risk associated with it.

Selling

The act of offering goods or services in exchange for money or other compensation.