Question

Explain the significance of cash management

Answer 1

Answer:

the first and main step of cash management is to measuring liquidity

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Answer 2

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In general, cash management is defined as the collection and concentration as well as payment of cash. Its aim is to handle an enterprise's cash balances in a manner that helps to avoid insolvency and also maximises availability of money not invested in inventories or assets that are fixed.$<marquee>♥mark as brainliest..✌♥</marquee>$