Cash Management Quiz

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Questions and Answers

Which of the following should not be considered cash?

  • Petty Cash Fund
  • Money order
  • Coin and currency
  • IOU (correct)

Which of the following is usually considered cash?

  • Certificate of deposit
  • Checking account (correct)
  • Money market certificate
  • Postdated check

Which of the following should not be included in cash?

  • Travel cash advance (correct)
  • Certified check
  • Personal Check
  • Manager check

All of the following may be included in cash, except

<p>Money market instrument (B)</p> Signup and view all the answers

Under IFRS, which of the following statement is true about reporting bank overdraft?

<p>All of these statements are true about bank overdraft (D)</p> Signup and view all the answers

Technically, cash may not include

<p>Restricted cash (C)</p> Signup and view all the answers

Restricted deposits in foreign bank are classified as

<p>Noncurrent asset with appropriate disclosure (B)</p> Signup and view all the answers

What is compensating balance?

<p>Minimum deposit required to be maintained in connections with a borrowing arrangement (D)</p> Signup and view all the answers

Compensating balance represents

<p>Fund in a bank account that cannot be spent (A)</p> Signup and view all the answers

A compensating balance

<p>Which is legally restricted and related to a short-term loan is classified separately as current asset (C)</p> Signup and view all the answers

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