1.

Money, or cash, is the most liquid asset, and can be used immediately to perform economic
actions like buying, selling, paying debt, and needs. In accounting, cash refers to current assets
or currency equivalents that can be accessed immediately. Cash is seen as a reserve for
payments and as a way to meet financial obligations.

4.
When you pay extra payments directly on the principal, you are lowering the amount that you
are paying interest on. It can help you pay off your debt much more quickly. ... However, just
making extra payments with money that you get from bonuses or tax returns is better than
just paying on the loan.

The statement of cash flows is unique in that it is one of the only financial
statements that shows what happened to a business's cash for the given.
Generally, the income statement does not provide much help on cash flow is
a matter of fact the income statement can sometimes be misleading when
examining cash. Example of this is when a business makes a profit as
recorded in the income statement, while simultaneously not having enough
cash to me its current liability obligations.

3
 Supplier payment remains a challenge for businesses, with slow internal
processes and insufficient automation presenting the largest obstacles to
payment efficiency, according to new research by Tungsten Network and the
Institute of Finance and Management (IOFM).