According to AASB 107/IAS 7 Statement of Cash Flows, which of the following items does not fall within the definition of cash?
A) Accounts receivable.
B) Bank notes and coins.
C) Non-bank bills that are readily convertible to cash.
D) Deposits on the short-term money market with a term of less than 3 months.

Question

Quizplus · Accepted Answer

Accounts receivable are not considered cash as they represent amounts owed to the entity from customers and have not yet been received as cash.

According to AASB 107/IAS 7 Statement of Cash Flows, Which