Which of the following would $\bold{not}$ be included in the asset class cash and cash equivalents?
A)cash at bank
B)cash on hand
C)accounts receivable
D)short term deposits

Question

Quizplus · Accepted Answer

The asset class cash and cash equivalents includes only highly liquid instruments such as cash at bank, cash on hand, short term deposits, and highly liquid investments that are readily convertible to known amounts of cash. Accounts receivable are not considered a part of cash and cash equivalents as they are assets representing amounts owed to a company for goods or services already provided and may not be immediately convertible to cash.

Which of the Following Would not\bold{not}not Be Included in the Asset Class Cash and Cash Equivalents

Which of the Following Would $\bold{not}$ Be Included in the Asset Class Cash and Cash Equivalents