balance
Cash limit calculation
The cash limit is the maximum amount of cash that can be held at the company’s cash Desk.
The Bank of Russia regulation of 12.10.2011 regulates the procedure for determining the cash balance limit. According to this regulation, each organization is obliged to set a limit on the cash balance and comply with it. Excess funds must be deposited with the Bank. This rule is due to the fact that the legislation provides for the obligation of enterprises and individual entrepreneurs to keep free money in the Bank account. Continue reading
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