Day 7 About Basic Finance and Accounting Concepts Here's Some New Concepts
8. Liquid Assets
Easily convertible into cash without a significant loss in value.
Examples: cash, cash equivalents, and accounts receivable.
9. Illiquid Assets
Assets
A cash flow management software which automates AR/AP process and automates invoice generation and follow up ensuring a better cash management and predictive forecasting.
I wonder what happens to the cash we give to the delivery executive on cash on delivery orders, do they hand over the exact cash to the superiors or they keep it with them and transfer money online, does some amount of Chalugiri happen in this?
