At the end of its reporting period, Zeneb plcs statement of financial position included the following items:

Question:

At the end of its reporting period, Zeneb plc’s statement of financial position included the following items:


1. A bank deposit account where one month’s notice of withdrawal is required.

2. Ordinary shares in Jones plc (a Stock Exchange listed business).

3. A high-interest bank deposit account that requires six months’ notice of withdrawal.

4. An overdraft on the business’s bank current account.


Which (if any) of these four items would be included in the figure for cash and cash equivalents?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: