According to AASB 107/IAS 7 Statement of Cash Flows, Which

question 21

Multiple Choice

According to AASB 107/IAS 7 Statement of Cash Flows, which of the following items does NOT fall within the definition of cash?

• A) Bank notes and coins.
• B) Non-bank bills that are readily convertible to cash.
• C) Deposits on the short-term money market with a term of less than 3 months.
• D) Accounts receivable.

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Definitions:

Distinctiveness

The quality of being unique or different in a manner that makes someone or something stand out from others.

Consensus

A general agreement or unified opinion among a group of people, often achieved through discussion and collaboration.

Consistency

The quality of always acting or behaving in the same way, leading to predictable and reliable outcomes or performances.

Conditioned Response

A learned reaction to a specific stimulus that occurs after repeated exposure to that stimulus.