Cash reported on a company's balance sheet represents

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Cash reported on a company's balance sheet represents the currency a company has access to at the balance sheet date. This includes funds in its bank accounts, petty cash, and any other liquid assets it holds. It does not represent the profit made during the current year, the amount the President of the Company has in his or her personal account, or the amount collected from customers during the current year less the amount paid for expenses.

Cash Reported on a Company's Balance Sheet Represents