A. Bank deposits with maturity more than 12 months
B. Debtors
C. Short-term, highly liquid investments with maturity 3 months or less
D. Inventory
Answer: Option C
Solution (By JKSSB Mock Tests)
Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and subject to insignificant risk of changes in value.
Explanation:
In the voucher entry system, a Receipt Voucher is used to record all cash and bank receipts. A Payment Voucher is used to record all cash and bank payments. Both statements are correct.
No comments yet. Be the first to start the discussion!