Question

How is "Cash" defined?

a.

Cash on hand and demand deposits with banks

b.

Investments in the stock market

c.

Revenue generated from sales

d.

Long-term assets of the organization

Posted under IC 89 Management Accounting

Answer: (a).Cash on hand and demand deposits with banks Explanation:"Cash" comprises cash on hand and demand deposits with banks of the corporate office and its operational units.

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