principle of urgency
Inventory cash performs the planned event to compare actual performance and accounting. In other words, the inventory of the cash register is carried out in order to compare the real availability of funds in the cash register of the enterprise to their accounting indicators.
Inventory of cash is carried out in the manner approved by the legislation of the Russian Federation and the accounting policy of the organization.
Inventory of the cash register has the following tasks: Continue reading
Bank guarantee – this is one of the types of insurance risks in the enforcement of transactions. The essence of such insurance is that all risks in a transaction between economic entities are acquired by a Bank, insurance company or other legal entity (guarantor) at the request of the transaction participant (principal). The guarantee is issued in writing. In case of default by the principal of its obligations to the creditor, the grant undertakes to cover the losses of the latter either in full or to the extent specified in the guarantee.
Currently, in the Russian business, this type of insurance transactions is not as common as in the economies of Europe and the United States, however, the trend for its spread in the last few years is positive. Continue reading