Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

The Transaction Motive for holding cash is for

<p><strong>(a) Safety Cushion,</strong></p> <p><strong>(b)Daily Operations,</strong></p> <p><strong>(c)Purchase of Assets,</strong></p> <p><strong>(d)Payment of Dividends.</strong></p> <p> </p>

user-image
Question added by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
Date Posted: 2014/09/23
khaled Ibrahim Sayed Abd El Salam Ibrahim
by khaled Ibrahim Sayed Abd El Salam Ibrahim , Chief Accountant , -ElMehy engineering company

Of course ( B ) As its cash , by sequence we need daily operations I mean we need to make payments on cash basis and not accrual basis. 

Ahmed Abd Alwahab Awad Ibrahim
by Ahmed Abd Alwahab Awad Ibrahim , Chief Accounting , ICCDP

(b)Daily Operations,

FITAH MOHAMED
by FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

the correct answer is b

 

Sara Khan
by Sara Khan , financial and admin assistant , Ministry Of Defence

option B is the answer.

More Questions Like This