Board Question Paper : July 2019 — Elements of Account STD 12 Commerce — Question
Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountBoard Question Paper : July 20191 Mark
Question
What is cash and cash equivalent ?
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Answer
Cash : Cash mean cash on hand, bank balance. Cash equivalent : Cash equivalent means
$(i)$ Highly liquid short-term investments.
$(ii)$ Such investments which can be quickly and with accurate estimated price convertible into cash.
$(iii)$ The investment in which the risk of changes the price is very rare.
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