Board Question Paper : March 2020 — Elements of Account STD 12 Commerce — Question
Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountBoard Question Paper : March 20201 Mark
Question
What is cash and cash equivalent ?
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Answer
$\rightarrow $ Cash means cash on hand and bank balance.
$\rightarrow $ Cash equivalent means highly liquid short term investment which can be quickly and with accurate estimated price convertible into cash.
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