Cash that is restricted for a specific use should be reported separately.

Name: Cash that is restricted for a specific use should be reported separately.
Brand: Quizplus
Rating: 4.8 (61 reviews)

Question

Quizplus · Accepted Answer

Cash that is restricted for a specific use, such as a grant or donation, should be reported separately from regular operating cash on financial statements. This helps ensure that the restricted funds are being used appropriately and in accordance with any restrictions placed on them by the donor or grantor.

Cash That Is Restricted for a Specific Use Should Be