Which of the Following Is Not Considered Cash for Financial

question 149

Multiple Choice

Which of the following is not considered cash for financial reporting purposes?

• A) Petty cash funds and change funds
• B) Money orders, certified checks, and personal checks
• C) Coin, currency, and available funds
• D) Postdated checks and I. O. U.'s

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Definitions:

Conforming Goods

Goods that meet the specifications and requirements as stated in a purchase contract.

Risk of Loss

Refers to the legal responsibility for the damage or destruction of goods, typically determined by the terms of sale or agreement between parties.

Substitute Goods

Products or services that can replace each other in use, due to their similar characteristics or functionalities.

Good Faith

Acting with honesty, fairness, and sincerity in legal or financial transactions, without intent to deceive or defraud.