Chapter 8, Problem 4DIE

To determine

Forms of cash

Cash is the most liquid current asset. It includes the following forms of cash: coins, currency or paper money, money orders, checks, traveler’s checks, and funds in savings accounts and checking accounts. However, it does not include the following as they are near-cash items but not cash. These include certificates of deposit, postdated checks, non-sufficient fund checks, and IOUs.

To determine: Whether the given statements are true or false in 1, 2, 3, and 4.