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 cash as they represent amounts owed by customers for goods or services provided on credit, and therefore need to be collected by the company before they can be considered as cash.

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