Answered: Cash equivalents include each of the…

Cash equivalents include each of the following except money market funds. OU.S. Treasury bills. Opetty cash. O commercial paper.

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter6: Bank Accounts, Cash Funds, And Internal Controls

Section: Chapter Questions

Problem 8E: a. Describe the entries that have been posted to the following accounts after the Change Fund was...

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Concept explainers

Cash Book

So, before coming to the topic of cash books, I will let you briefly explain about the cash so that you all can be familiar with the word cash. Cash comes under the category of the current asset which is used as a medium of exchange for all the financial transactions in the firm. Cash is something that is universally accepted as a mode of payment. So, now comes to the topic i.e., cash book.

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Cash equivalents include each of the following except
money market funds.
OU.S. Treasury bills.
Opetty cash.
O commercial paper.
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