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

Name: Most companies who have several bank accounts, petty cash, and cash on hand, would list each separately on the balance sheet.
Brand: Quizplus
Rating: 4.8 (53 reviews)

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 Who Have Several Bank Accounts, Petty Cash, and Cash