Which of the following items should not be included in the Cash?O A.O B.Petty cash and change fundsMoney ordersCash restricted for retirement of long-term debtC.O D.Saving accounts

The balance sheet represents the financial position of the business with assets and liabilities on a…

Answered: Which of the following items should not…

Which of the following items should not be included in the Cash? O A. Petty cash and change funds Money orders Cash restricted for retirement of long-term debt В. C. D. Saving accounts

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter6: Bank Accounts, Cash Funds, And Internal Controls

Section: Chapter Questions

Problem 5QY

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Concept explainers

Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.

Question

Which of the following items should not be included in the Cash?
O A.
O B.
Petty cash and change funds
Money orders
Cash restricted for retirement of long-term debt
C.
O D.
Saving accounts

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