Question: This article demonstrates that cash flow is a real worry for managers. While a healthy accounting profit is necessary over the medium to long term,
This article demonstrates that cash flow is a real worry for managers. While a healthy accounting profit is necessary over the medium to long term, an entity cannot survive in the short term unless it has sufficient cash to be able to survive on a day-to-day basis.
What can small entities do to encourage larger ones to settle their debts more promptly?
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