Which of the following would NOT be classified as cash?

•coins
•un-deposited cheques
•term deposits
•un-deposited Visa and Master card receipts
•cash in the bank held as a “compensating balance”
•cash in the bank restricted for a particular purpose (eg. a sinking fund)
•cash in a US dollar account
•“petty cash” on hand

Which of the above would not be valued at its “face” value

Answer rating: 100% (QA)

Solution Cash and cash equivalents are assets that are highly liquid and readily available for u... View the full answer