Very Short Question Answer 1. Define negotiable instruments. The word ‘Negotiable’ means transferable from one person to another in return for consideration and ‘Instrument’ means a written documents by which a right can be created infavour of some person. Thus, a negotiable instrument is a document which entitles a person to a sum of money […]
Chapter 11: Working Capital Management
Short Questions Answers 1. What do you understand by working capital cash flow cycle? How do you measure it? How can it be shortened? Firm’s liquidity has two major aspects: ongoing liquidity and protective liquidity. Ongoing liquidity refers to the inflow and outflows of cash through the firm as the product acquisition, production, sales, payment […]