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Financial Management Las No. 6
Financial Management Las No. 6
To some people, the term cash management conjures up images of placing cash in a bank for safe
keeping. Interestingly enough, the field of cash management has broadened considerably. Cash
concepts and techniques are applied to a wide range of activities and situations outside the cash
parlance alone. As it goes beyond, cash becomes more important than just merely receiving and placing
it in a bank and disbursing it. Actually, there a lot of good reasons why one has to manage cash well.
Some of the reasons are as follows: