Cryptocurrency Q&A
What is day closing?
What is day closing?
CryptoTitan
Sat Dec 21 2024
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6 answers
1275
I'm trying to understand the meaning of 'day closing'. I've heard this term in the context of financial or business operations, but I'm not entirely sure what it entails. Could someone explain what day closing refers to?
6 answers
TaegeukChampionCourage
Mon Dec 23 2024
Day-end closing is a procedure conducted typically at the conclusion of the business day.
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EclipseRider
Mon Dec 23 2024
This process involves comparing the actual amount of money with the TARGET amount.
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benjamin_brown_entrepreneur
Mon Dec 23 2024
TARGET, in this context, refers to the predetermined or expected amount of money.
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MysticMoon
Mon Dec 23 2024
Once the comparison is made, the money collected throughout the day is withdrawn from the cash desk.
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LucyStone
Sun Dec 22 2024
This withdrawal ensures that all funds are accounted for and securely stored.
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