Which of the following would be classified as cash on a company's balance sheet?

IOUs

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Cash at a bank in a country at war with the united states

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Stamps

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None of the above would be classified as cash

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Solution

The correct option is D
None of the above would be classified as cash

Answer (D): None of the above would be classified as cash
Explanation: The most liquid asset of, all things considered, cash, shows up on the primary line of the asset report. Money equivalents are additionally lumped under this detail and incorporate resources that have transient developments under 90 days or resources that the organization can exchange without prior warning, as marketable securities.
Also see:
MCQs on Balance Sheet
Balance Sheet

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