Axis
Banned
Majority of businesses established in all regions and countries of the world usually face times when things become bad. Things may turn out to be very much bad for a particular business organization especially when cost of production increases or there is political instability or economic problems like inflation and recession. It is important that all business owners and managers understand that a business can face unforeseen occurrences which of course would need financial existence to sort out. That's obviously implies that a business owner must make sure to establish an account where business revenues are set aside to handle unforeseen occurrences.
Typically this account would be known as contingency funds which is basically an account created for unforeseen occurrences. The normal account that a business deposit it revenue to carry out the day-to-day operation of the business should totally be different from the the account in which funds for contingency purposes and deposited.
Typically this account would be known as contingency funds which is basically an account created for unforeseen occurrences. The normal account that a business deposit it revenue to carry out the day-to-day operation of the business should totally be different from the the account in which funds for contingency purposes and deposited.
