STATUTORY Definition

Bookmark and Share

STATUTORY is relating to or created by statutes.

Learn new Accounting Terms

BOOK OF ACCOUNTS see LEDGER.

CASH MANAGEMENT is the management of the cash balances of a concern in such a manner as to maximize the availability of cash not invested in fixed assets or inventories and to avoid the risk of insolvency. According to Keynes there are three motives for holding cash: the transactions motive, the precautionary motive, and the speculative motive. The most useful technique of cash management is the cash budget.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.