Is a bank account regarded as cash equivalent in accounting?

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Solution

Yes, the bank account is regarded as cash equivalent in accounting.

Also read:

What Is a Fixed Asset

What Are Current Assets

What Are Current Liabilities

Non Current Liabilities

Learn about more questions and answers on business studies and various other commerce topics from our website.

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Is a bank account regarded as cash equivalent in accounting?

Yes, the bank account is regarded as cash equivalent in accounting. Also read: What Is a Fixed Asset What Are Current Assets What Are Current Liabilities Non Current Liabilities Learn about more questions and answers on business studies and various other commerce topics from our website.

Yes, the bank account is regarded as cash equivalent in accounting.

Also read:

What Is a Fixed Asset

What Are Current Assets

What Are Current Liabilities

Non Current Liabilities

Learn about more questions and answers on business studies and various other commerce topics from our website.