Match the term with its definition.
-Money in the bank as well as securities that can be sold very quickly, such as a government security
A)accrual-basis accounting
B)cash
C)cash-basis accounting
D)depreciable assets
E)depreciation expense
F)financial statements
G)inventory
H)liquidity
I)operating profit margin
J)return on assets
K)return on equity

Question

Quizplus · Accepted Answer

Cash refers to money in the bank and securities that can be quickly converted to cash, such as government securities.

Match the Term with Its Definition