What are the components of cash? What items may be confused with cash, but normally are categorized

Question:

What are the components of cash? What items may be confused with cash, but normally are categorized under other captions? What are “cash equivalents”?

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...