Question

Describe the utility of cash and cash Equivalents.​

Answer 1

Answer:

Cash and cash equivalents (CCE) are the most liquid current assets found on a business's balance sheet. Cash equivalents are short-term commitments "with temporarily idle cash and easily convertible into a known cash amount".

Answer 2

cash and cash equivalents help companieswith their working capital needs since these liquid assets are used to pay off current liablities ,which are short term dibets and bills