Which of the following would not be classified as 'cash and cash equivalents'?
A) Accounts receivable.
B) Short-term deposits.
C) Cash at bank.
D) Petty cash.

Question

Quizplus · Accepted Answer

Cash and cash equivalents include assets that can be quickly converted into cash, such as short-term deposits, cash at bank, and petty cash. Accounts receivable, on the other hand, are amounts owed to the company by its customers and are not considered cash or cash equivalents until they are collected. Therefore, the correct answer would be A) Accounts receivable.

Which of the Following Would Not Be Classified as 'Cash