Which of the following is true of collectible coin purchases?

Q: What are the factors that may influence the use of money vs credit cards?

A: There are several factors that influence someone's decision to buy goods or services through money…

Q: Define these money market instruments 1. Treasury bills 2. Certificates of Deposits

A: Money market is the market in which the debt intruments less than one year are deal with.

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 current asset? Inventory Trade receivables Building Cash at bank

A: Current Assets- are assets that can be converted into cash within one operating cycle i.e.,  assets…

Q: 1. Discuss the similarities between money and currency.  2. Explain the difference between money and…

A: Money and Currency are often used interchangeably in the general world however when they are looked…

Q: Why does a money has an intristic value and a currency doesn't have an intristic value?

A: The estimate of an asset's worth based on a financial model is known as the intrinsic value in…

Q: How can they say that the currency is portable, durable, divisible, and fungible ?? (Kindly…

A: Currency is a medium of exchange for goods and services. In short, it's money, in the form of paper…

Q: Do commonwealth bank (Australia) follow cash or accural accounting?

A: Cash basis of accounting means the transactions are recorded in the firm when the actual payment is…

Q: What are the advantages and disadvantages of the impact of accounting on digital currencies?

A: Cryptocurrencies are digital currencies that can be used to purchase various types of products and…

Q: What is euro?

A: There are 28 Member States in the European Economic and Monetary Union (EMU), 19 of which have…

Q: What is home currency?

A: Home currency is a currency that is functional in the country in which business is situated. For…

Q: what is currency issuance in monetary policy? give examples

A: Monetary policy is one of the important policies which is developed with a view to manage and…

Q: What is the key advantage of using electronic payments instead of currency or checks?   A. Lower…

A: Opportunity costs refers to the benefits that are foregone when a firm implements any project.

Q: How is Accounting affected by Digital Currencies?

A: Digital Currency: It is a currency which can't be seen or touched but stored, managed and exchanged…

Q: separation of duties

A: Separation of duty is the internal conttro process by which the company avoids the fraud and…

Q: What is bank reconciwhliation

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

Q: How does the cost of costly trade credit generally compare withthe cost of short-term bank loans?

A: Costly trade credit imply companies that make payments after the discount period as they forego the…

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

A: Cash and cash equivalents are those short term assets which can be converted into cash in short…

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: Why do companies offer a cash discount?

A:

Q: What is currency manipulation?

A: Introduction: Currency manipulation is considering as when countries purposely impact the exchange…

Q: What are signs of money laundering?

A: The act of taking illicit money from place A and make it seem as though it originated from place B,…

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: 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: what are treasury notes?

A: Treasury notes: Treasury notes are interest-bearing securities with a static maturity of not fewer…

Q: why is commercial paper considered as cash equivalent?

A: Cash equivalent includes: Commercial paper Certificate of deposits Treasury bills Money market…

Q: What are cash equivalents? Provide two examples. Whyare these items often combined with cash for the…

A:

Q: What are the primary motives for holding cash?

A: Introduction: Cash is also recognized as most liquid and lesser productive assets of the company.…

Q: Discuss the primary differences between U.S. GAAP and IFRS with respect to cash and receivables.

A: GAAP (Generally Accepted Accounted Principles) is a rule-based concept. On the other side, IFRS…