According to IAS 7 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 readily convertible to cash;
C) An investment with a short maturity of, say, three months or less from the date of acquisition;
D) Trade receivables.

Question

Quizplus · Accepted Answer

Trade receivables are not considered cash as they represent amounts owed to the company by its customers and are expected to be collected in the future. Bank notes and coins (A), non-bank bills readily convertible to cash (B), and short-term investments (C) are all considered cash and cash equivalents under IAS 7.

According to IAS 7 Statement of Cash Flows, Which of the Following