Cash: Difference between revisions
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1. | 1. ''Liquidity.'' | ||
The most liquid of current assets, cash represents money in hand or in banks or other financial institutions which is immediately available. | The most liquid of current assets, cash represents money in hand or in banks or other financial institutions which is immediately available. | ||
2. | 2. ''Money.'' | ||
Physical banknotes and coins. | Physical banknotes and coins. | ||
Revision as of 14:23, 25 March 2021
1. Liquidity.
The most liquid of current assets, cash represents money in hand or in banks or other financial institutions which is immediately available.
2. Money.
Physical banknotes and coins.
3. Financial reporting - balance sheet - assets.
Current asset reported, along with cash equivalents, as a single aggregated figure in the primary statement of financial position.
