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Why do organizations hold cash?

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Question added by Kofi Amoateng
Date Posted: 2016/04/13
Mary Ann Triste
by Mary Ann Triste , FINANCIAL ACCOUNTANT , Heavyweight Air Express FZCO

Cash as being the most liquid among all assets is the most useful way in paying any transaction such as purchase, acquisition or alike ... thus holding a cash is the best way to settle transaction specially if cash can be only payment mode require to settle a transaction. Example are the Petty cash to pay petty expenses rather than issuing a cheque

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