Contingencies and other unexpected expenses mean that everyone should have an fu

Question

Contingencies and other unexpected expenses mean that everyone should have an fund of available cash

Contingencies and other unexpected expenses mean that everyone should have an fund of available cash

Contingencies and other unexpected expenses mean that everyone should have an fund of available cash

Contingencies and other unexpected expenses mean that everyone should have an fund of available cash

Contingencies and other unexpected expenses mean that everyone should have an fund of available cash

Explanation / Answer

The statement is true, every company should have contigency fund for any circumstances which would happen in future which may lead for the company to make payment. Similarly,based on past experiences and any further analysis, the company should maintain an unexpected expenses fund account.

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