Question

multiple choice question
cash can take many forms. from the lists of items below, choose the one list which includes only items that would be defined as cash.

• checks, money orders, supplies
• coins, accounts receivables, checks
• checks, coins, accounts payable
• coins, checks, money orders

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Explanation:

• Supplies are physical assets, not cash.
• Accounts receivables are amounts owed to a business, not cash on hand.
• Accounts payable are amounts a business owes, not cash.
• Coins (physical currency), checks (negotiable instruments convertible to cash), and money orders (secure cash equivalents) all qualify as cash or immediate cash equivalents.

Answer:

D. Coins, checks, money orders