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P2 C6 CASH FLOW STATEMENT — Elements of Account STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountP2 C6 CASH FLOW STATEMENT1 Mark
Question
What is cash and cash equivalent?
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Answer

Cash includes cash on hand and demand deposits with banks, while cash equivalents are short-term, highly liquid investments that are readily convertible into known amounts of cash.

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