Which of These Is Not Included in the Definition of Cash

question 48

Multiple Choice

Which of these is not included in the definition of cash?

• A) Cheque
• B) EFTPOS transactions
• C) Bills receivable
• D) Petty cash

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Definitions:

Revenues and Expenses

The income generated from normal business operations and the costs incurred to generate that income.

Income Statement

A financial statement that shows a company's revenues and expenses, resulting in net income or loss over a specific period.

Balance Sheet

A financial statement that shows a company's financial position at a specific point in time, detailing assets, liabilities, and shareholders' equity.

Statement of Cash Flows

A summary indicating how balance sheet account changes and revenue fluctuations impact cash and equivalents, broken down into the segments of operating, investing, and financing.