Management of cash in the organisation

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This involves the following steps:

Ascertaining the average cash requirement by looking at the past figures and for a new enterprise, estimating a new figure.

Preparing the cash flow statement for a given period, taking all the cash inflows and cash outflows during the period to determine whether there is a surplus or deficit at the end of the period

Arranging for funds from outside especially through a bank with whom the enterprise has loan facilities in case of deficit in the cash flow statement; if on the contrary, the cash flow statement reveals a surplus, dealing with this surplus in a suitable manner.

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