Which one of the following items would not be considered cash? Group of answer choices Postdated cheques Coins Money orders Currency
Question
Which one of the following items would not be considered cash? Group of answer choices
Postdated cheques
Coins
Money orders
Currency
Solution
Postdated cheques
Explanation:
-
Cash is considered to be currency, coins, and items that can be deposited and drawn from a bank immediately, such as money orders.
-
A postdated cheque, however, is not considered cash. This is because a postdated cheque is a cheque written by the drawer (payer) for a date in the future.
-
Until the date on the cheque arrives, the cheque cannot be cashed or deposited. Therefore, it cannot be considered as cash because it is not immediately available.
Similar Questions
Which of the following is not considered cash for financial reporting purposes?Group of answer choicesPetty cash funds and postal money orderUnrestricted compensating balancesDividend, interest and tax fundPostdated and stale checks from customers
Cash can take many forms. From the lists of items below, choose the one which includes only items that would be defined as cash.Multiple choice question.Coins, accounts receivables, checksCoins, checks, money ordersChecks, money orders, suppliesChecks, coins, accounts payable
Which of the following is not an example of cash and cash equivalents?Group of answer choicesCash on hand, i.e. notes and coins.Bank overdraft.Money market deposit with 5 months to maturity.Investments with less than 3 months to maturity.
Multiple Choice QuestionWhich of the following is NOT considered to be a form of money?Multiple choice question.Chequebook moneyAir Canada stockCoinsPaper money
Multiple Choice QuestionIdle cash typically does not earn interest for the company, thus financial managers try to keep small amounts of cash on hand, called _____, to pay current bills such as wages, supplies, and utilities.Multiple choice question.working capitalcommercial paperfiat moneytransaction balances
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.