Which of the Following Would NOT Be Considered Cash

question 50

Multiple Choice

Which of the following would NOT be considered cash?

• A)Currency
• B)Money market funds
• C)Money orders
• D)Checking accounts

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Definitions:

Perpetual Inventory Method

An inventory management system where updates are made continuously as inventory items are purchased and sold, providing real-time inventory levels.

General Journal Entry

A record in the general journal that represents the detailed listing of a company's financial transactions.

Terms 2/10, N/30

Payment terms indicating a 2% discount if the amount is paid within 10 days; otherwise, the net (full) amount is due within 30 days.

Perpetual Inventory Method

An accounting method that continuously tracks inventory levels and cost of goods sold, updating the accounts after each transaction.