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what is cash and cash equivalents

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what is cash and cash equivalents

Posted by ਖਾਲਸਾ ਟੀਵੀ 5 years, 7 months ago

CBSE > Class 12 > Accountancy

1 answers

Yogita Ingle 5 years, 7 months ago

Cash: Cash comprises cash in hand and demand deposits with bank.

Cash equivalents: Cash equivalents are short-term, highly liquid investment that are readily convertible into known amount of cash and which are subject to an insignificant risk of change in the value e.g. short-term investment. Generally, these investments have a maturity period of less than three months.

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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