question archive Which of the following should not be considered cash by an accountant? money orders bank checking accounts postage stamps travelers' checks
Which of the following should not be considered cash by an accountant? money orders bank checking accounts postage stamps travelers' checks
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Which of the following should not be considered cash by an accountant?
-
- money orders
- bank checking accounts
- postage stamps
- travelers' checks
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Answer:
C .
Step-by-Step explanation
Correct answer is "C".
The term cash includes money in hand, account balance, customers checks, petty cash and marketable security.
A postage stamp is a paper issued by the post office to the customer.
Therefore, postage stamp should not be considered cash by an accountant.
