What is EBI accounting?
Could you please elaborate on what EBI accounting stands for and what it entails? I'm curious to understand the key principles and concepts behind this approach to financial reporting. How does it differ from traditional accounting methods, and what are some of the benefits and drawbacks of utilizing EBI accounting in a business setting? Additionally, could you provide an example scenario where EBI accounting might be particularly advantageous or necessary?
What is cash on books?
Could you please explain what exactly is meant by the term "cash on books"? Is it referring to the actual physical cash that a company possesses or is it a financial record of the cash that the company has on hand? How is it different from the cash that is actually in the company's bank accounts? And how does it play a role in a company's financial health and stability? Additionally, how is it affected by factors such as transactions, investments, and expenses?