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Cash is limited to the amount of money currently at hand, whereas credit cards offer vast borrowing opportunities. The main differences between cash and credit card are also related to their advantages and disadvantages. One of the advantages of using cash is that one always knows how much he or she spends.
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Money in cash is a sum of some which we really have, and money on credit card is not only money that we have but also money which can be offered us by the company. The differentiation of cash and credit card should be based on the advantages and disadvantages that they have.
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Cash flow is a little more honest than an income statement, because the cash flow statement shows money coming in only when we actually deposit it and money going out only when we physically write out a check (How to Prepare, 2010).
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Paying cash is a direct way to purchase things between the costumer and the cashier. Credit card stores a big amount of money which makes things easier, for some people, than carrying a lot of cash. Even though both cash and credit cards have about the same role, there are notable differences and similarities.
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THE CASH BUDGET Cash budget is an estimation of a company’s cash inflow and outflow, it is an accounting device used in monitoring and managing a business’ operating activities of immediate short term cash flow, a forecast of a business’s estimated cash receipts and payment over a period of time usually months and years.
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The cash flow forecast predicts the net cash flows of the business over a future period. The forecast estimates what the cash inflows into the bank account and outflows out of the bank account will be. The result of the cash flow forecast is an estimate of the bank balance at the end of each period covered (normally this is for each month).
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Cashless India Essay 5 (300 words) Cashless India is a recently introduced phenomenon targeted to bring a sea change in the country’s economy by the Indian government, transforming the cash-based economy into cashless through digital means.