Asked by Britney Xiong on Jul 03, 2024
Verified
Cash does not include
A) currency.
B) money orders.
C) post dated cheques.
D) coins.
Cash
Money in the form of physical currency, such as banknotes and coins, which can be used immediately for transactions.
Post Dated Cheques
Cheques written with a future date, not valid or actionable until that date, often used to ensure future payments.
Money Orders
Money orders are a method of payment that allows individuals to transfer or send pre-specified amounts of money securely, often used as an alternative to checks or cash.
- Understand the classification and handling of cash and cash equivalents in financial disclosures.
Verified Answer
Learning Objectives
- Understand the classification and handling of cash and cash equivalents in financial disclosures.
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