Richter Industries has the following items: Currency $27,500 Customer cheques that have not been deposited 850 Canada government bonds that originally mature in 3 months 11,000 Canada government bonds that originally mature in 12 months 14,000 Cash in savings and chequing accounts 50,000 Certificates of deposits that originally mature in 18 months 47,000 Required: How much should Richter report as cash and equivalents on its balance sheet?

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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.