Which of the Following Would Not Be Reported on the Balance

question 125

Multiple Choice

Which of the following would not be reported on the balance sheet as a cash equivalent?

• A)Money market fund
• B)Sixty-day certificate of deposit
• C)Six-month Treasury bill
• D)Money market savings certificate

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Definitions:

Voucher System

A control mechanism in accounting that requires all company expenditures to be documented with vouchers, supporting the authenticity of transactions.

Accounts Receivable

Outstanding receivables from clients to a business for supplied products or executed services awaiting payment.

Internal Control

Internal Control encompasses the policies, procedures, and actions implemented by a company to ensure the integrity of financial reporting, compliance with laws and regulations, and effective and efficient operations.

Cost-Benefit

An analysis or approach that compares the costs and benefits of a decision, project, or action to determine its feasibility or profitability.