Cash and Cash equivalents

Question

05 Aug 2023

Answer :

Word Count : 340

Cash and cash equivalents are financial assets that are readily convertible into cash and are subject to insignificant risk of changes in value. They are highly liquid assets that can be used to meet short-term obligations or for immediate cash needs.

Cash refers to physical currency, such as banknotes and coins, as well as demand deposits held in banks or other financial institutions. It represents the most liquid ___ _______ _____ _____ __________ ___ ______ ________.
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Particular		Rs.
Material		100
Wages		30
Factory overheads		30 (40% fixed)
Administrative Overheads		20 (50% fixed)

Particular	Rs.
Material	100
Wages	30
Factory overheads	30 (40% fixed)
Administrative Overheads	20 (50% fixed)