According to AASB 107 Statement of Cash Flows, which of the following items does NOT fall within the definition of cash?
A) Bank notes and coins
B) Non-bank bills that are readily convertible to cash
C) Deposits on the short-term money market with a term of less than 3 months
D) Accounts receivable

Question

Quizplus · Accepted Answer

Accounts receivable are not considered cash since they represent amounts owed to the entity by customers and may not be collected immediately. The other options represent forms of cash or cash equivalents that can be readily converted into cash.

According to AASB 107 Statement of Cash Flows, Which of the Following