Which of the following is considered as cash equivalents? Bank overdraft Trade AR Money orders All of the above

Q: Which one of the following is not a part of money market? a. Call money market b. Commercial…

A:

Q: What do you mean by bank reconciliation?

A: INTRODUCTION: Account reconciliation is the process of comparing internal financial records and…

Q: Which of the following is not a Money Market Instrument? a. Commercial Paper b. Debentures c.…

A: Money market is related to short term debt instruments and not long term debt instruments.

Q: Wildhorse Service Company had checks outstanding totaling $40100 on its May bank reconciliation. In…

A: An outstanding check is a check that a company has issued and recorded in its general ledger…

Q: Which of the following are the instruments of money market? Select one a Certificate of deposits…

A: Money market fundamentally alludes to a part of the monetary market where monetary instruments with…

Q: Define cash equivalents, and explain methods of controlling cash, including bank reconciliations.

A: Solution- Cash equivalents are investments securities that are meant for short-term investing; they…

Q: Suppose that the Reserve Bank "tightens" monetary policy. In what order do events occur when this…

A: Monetary policy is tool is reserve bank which he used to control the supply of money in the market…

Q: What is the term of interest on bank overdraft?

A: On basis of creditworthiness, a bank allows a person to draw excess money from his account…

Q: Explain the term Cash Equivalency?

A: It is an evaluation procedure by which the cost of comparable properties selling at various funding…

Q: How does a schedule of interbank transfers show improper cash transfer transactions?

A:

Q: Bank overdrafts that are repayable on demand

A: Bank overdraft account is a current liability repayable within one year.

Q: What is bank reconciwhliation

A: Bank Reconciliation Statement:  Bank statement is generally provided by the bank. Apart from bank…

Q: Which one of the following assets is not considered as cash equivalent? Guaranteed investment…

A: Cash equivalents are form of liquid and current assets which can be converted into cash into short…

Q: hat is the importance of regular bank reconciliations?

A: The bank reconciliation statement is prepared to equate the balances of cash book and pass book with…

Q: Which of the following should be considered cash equivalents? Post-dated checks Money market with…

A: Cash and cash equivalent means the amount of cash , bank or highly liquid marketable securities…

Q: What are the Important elements of a cash disbursement control system?

A: Internal control: Internal control is a process which ensures continuous reliability of…

Q: Why are money market securities sometimes referred to as “cash equivalents”?

A: Money market securities are of short term time period (usually 1 year or less) . They carry low risk…

Q: What are nonconventional monetary tools used by central banks?

A: Monetary policy can be conventional and unconventional which are used by the central banks for…

Q: How has technology changed the way target cash balances are set?

A: Introduction: Usually for a particular point of time, a target cash balance represents the optimal…

Q: Is an investment in Treasury bills always classified as a cash equivalent? Explain

A: Cash Flow Statement:   It is a financial statement prepared by a company to report their cash…

Q: Which of the following would likely not be considered a Cash Equivalent? Savings account O Money…

A: Let us first understand the definition of : Cash Equivalent:- It is an extremely liquid investment…

Q: What is bank resolution?

A: Resolution takes place on the identical time whilst the authorities decides that the economic…

Q: Which of the following are the instruments of money market? Select one: a. All of the above b. None…

A: Following are the instruments of money market

Q: Bank reconcilation

A: The bank reconciliation statement helps to determine the corrected cash balance.

Q: What is the incremental cash flows from switching credit policies?

A: Incremental cash flow is the extra cash flow a business will generate by investment in a new project…

Q: What is a bank reconciliation?

A: The statement of Bank reconciliation is a report that matches the money balance on an organization's…

Q: How does credit policy affect the cash conversioncycle as discussed in the last chapter?

A: Cash Conversion Cycle measures the number of days it takes for a company to convert its inventory…

Q: why control over receivables is not quite as important as control over cash

A: Accounts receivables reflect the amount owed by the credit buyers of an organization. In simple…

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.