EBK ACCOUNTING PRINCIPLES
EBK ACCOUNTING PRINCIPLES
13th Edition
ISBN: 9781119411017
Author: Weygandt
Publisher: WILEY
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Chapter 8, Problem 4DIE
To determine

Forms of cash

Cash is the most liquid current asset. It includes the following forms of cash: coins, currency or paper money, money orders, checks, traveler’s checks, and funds in savings accounts and checking accounts. However, it does not include the following as they are near-cash items but not cash. These include certificates of deposit, postdated checks, non-sufficient fund checks, and IOUs.

To determine: Whether the given statements are true or false in 1, 2, 3, and 4.

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