Most companies that have several bank accounts, petty cash, and cash on hand would list each separately on the balance sheet.

Name: Most companies that have several bank accounts, petty cash, and cash on hand would list each separately on the balance sheet.
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Question

Quizplus · Accepted Answer

Companies typically consolidate cash and cash equivalents into a single line item on the balance sheet for simplicity and clarity, rather than listing each account separately.

Most Companies That Have Several Bank Accounts, Petty Cash, and Cash