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 means cash on hand, bank balance.
Cash equivalent means:
$(i)$ Highly liquid short term investments.
$(ii)$ Such investments which can be quickly and with accurate estimated price convertible into cash.
$(iii)$ Investments in which the risk of changes in the price is very rare. e.g. Govt. Securities.
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