CASH
If referencing is going to be used, please use the most current information and from the USA. The writing should be in correct grammar and spelling. Mark which question or statement you are answering.
Cash is listed first on the balance sheet because it is the asset most readily available to pay off debt or use in operations. Cash is also one of the assets that most often “grows legs” and walks away. Therefore, it is important that any business protect its cash; it does so through Internal Control Procedures. Please start by defining Internal Control, then discuss three specific procedures related to cash.
