Which of the Following Practices Contributes to Efficient Cash Management

Which of the following practices contributes to efficient cash management?

A) Never borrow money-maintain a cash balance sufficient to make all necessary payments.
B) Record all cash receipts and cash payments at the end of the month when reconciling the bank statements.
C) Prepare monthly forecasts of planned cash receipts, payments and anticipated cash balances up to a year in advance.
D) Pay each bill as soon as the invoice arrives.

Correct Answer:

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