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Some type of transaction which are considered movement between cash and cash equivalents are given below except …..
  • a)
    Cash credit
  • b)
    Sale of cash equivalent securities
  • c)
    Cash withdrawn from bank.
  • d)
    Purchase of cash equivalent securities
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Some type of transaction which are considered movement between cash an...
Internal movement in cash and cash equivalents will not make any effect. Cash credit is not part of cash and cash equivalents. It is part of financing activities.
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Most Upvoted Answer
Some type of transaction which are considered movement between cash an...
1. Cash deposited into a bank account.
2. Cash withdrawn from a bank account.
3. Cash paid for a purchase.
4. Cash received from a sale.
5. Cash transferred between different bank accounts.
6. Cash received as interest or dividends on investments.
7. Cash used to repay a loan or debt.
8. Cash received as a loan or debt repayment.
9. Cash used for payroll or employee wages.
10. Cash received from a loan or debt issuance.
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Some type of transaction which are considered movement between cash and cash equivalents are given below except …..a)Cash creditb)Sale of cash equivalent securitiesc)Cash withdrawn from bank.d)Purchase of cash equivalent securitiesCorrect answer is option 'A'. Can you explain this answer?
Question Description
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