Chapter 6. Cash
Cash is the most coveted of all assets. It can be converted into any other asset, and therefore is viewed as the most desirable. A company can stay in business without making a profit (for example, Amazon.com raised enough capital to last it through many years of not making a profit), but it cannot stay in business without cash (think of all the failed dot-com companies).
Get Accounting Demystified now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
