Which of the following should not be considered cash by an accountant?
Created: 31.01.2020
Updated: 31.01.2020
Question: Which of the following should not be considered cash by an accountant?
- money orders
- bank checking accounts
- postage stamps
- travelers’ checks
Answer
Option (C) Postage Stamps
Postage stamps can’t consider as cash because it cannot be convert in to cash. A Accountant treat cash form assets Which are having fast liquidity ability.