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What is meant by ‘Cash Equivalents’? - Accountancy

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Question

What is meant by ‘Cash Equivalents’?

Very Short Answer
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Solution

Cash equivalents are highly liquid short-term investments that can be easily converted into cash within three months and involve very little risk.

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Q 28.
2019-2020 (March) Outside Delhi Set 3

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2019-2020 (March) Outside Delhi Set 3 (with solutions)
Q 28. | 1 mark
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