Accountancy, asked by ritikshaw98, 10 months ago

what is the difference between cash and cash equivalents​

Answers

Answered by sony1010
0

Answer:

Cash: Cash is money in the form of currency. This includes all bills, coins, and currency notes. Cash equivalents: For an investment to qualify as an equivalent it must be readily convertible to cash and be subject to an insignificant value risk.

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