whaT IS THE notional cash pooling
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Answer / kolluru venkatesh
A cash management technique employed by companies holding funds at financial institutions. Cash pooling allows companies o combine their credit and debit positions in various accounts into one account, and includes techniques like notional cash pooling and cash concentration. Notional cash pooling has the company combine the balances of several accounts in order to limit low balance or transaction fees. Cash concentration or zero balancing has the company physically combining various accounts into one single account.
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Answer / nidheesh
Personal account
Debit the receiver & Credit the giver
real account
Debit what comes in & credit what goes out
nominal account
Debit all expenses and losses & Credit all incomes and gains
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