For Accounting Purposes, Cash Includes Which of the Following

question 32

Multiple Choice

For accounting purposes, cash includes which of the following?

• A) IOU's received from employees.
• B) A note received from a customer in settlement of an overdue trade account receivable.
• C) Balances on deposit in banks.
• D) A post-dated cheque received from a customer.

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Definitions:

Nematocysts

Specialized cells in the tentacles of cnidarians such as jellyfish, used for capturing prey and defense through the release of toxins.

Cnidarian

Invertebrates existing as either a polyp or medusa, with two tissue layers and radial symmetry.

Muscle and Nerve Fibers

Specialized cells within the body, muscle fibers responsible for contraction and motion, and nerve fibers responsible for transmitting electrical impulses.

Portuguese Man-of-War

A marine cnidarian known for its venomous tentacles, which it uses to capture prey.