Question

How is "Cash" defined?

a.

Long-term investments in the stock market

b.

Revenue generated from sales activities

c.

Cash on hand and demand deposits with banks of the corporate office and its operational units including overseas ones

d.

Profit earned by a business

Posted under IC 89 Management Accounting

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

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Q. How is "Cash" defined?
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