Restricted cash is defined as
A) a temporary investment which is due in 90 days.
B) cash which is to be used for a special purpose.
C) cash which is held in a US bank.
D) a cash overdraft.

Question

Quizplus · Accepted Answer

Restricted cash is cash that is set aside for a specific purpose, such as to pay for a future purchase or to ensure the performance of a contract. This cash must be recorded separately from other cash and is typically not available for general use by the company.

Restricted Cash Is Defined as