In preparing a T-account work sheet, a master T-account for cash appears at the top of the work sheet.This master T-account has three sections, labeled
A)Operations, Investing, and Financing.
B)Working Capital, Investing, and Financing.
C)Operations, Working Capital, and Financing
D)Operations, Working Capital, and Investing
E)Operations, Exchanges, and Investing

Question

Quizplus · Accepted Answer

The three sections of a master T-account for cash typically reflect the three main categories of cash flows in a business: Operations, Investing, and Financing. These categories align with the statement of cash flows, helping in the analysis and understanding of cash movements within a business.

In Preparing a T-Account Work Sheet, a Master T-Account for Cash