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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

Money market instrument (B) Signup and view all the answers

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

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

Technically, cash may not include

Restricted cash (C) Signup and view all the answers

Restricted deposits in foreign bank are classified as

Noncurrent asset with appropriate disclosure (B) Signup and view all the answers

What is compensating balance?

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

Compensating balance represents

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

A compensating balance

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

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