Identify the asset from the following
A. Cash and cash equivalent
B. Creditors
C. Notes payable
D. Bank loan
Answer: Option A
Solution(By Examveda Team)
Cash and cash equivalent are the asset from the following. Cash and cash equivalents (CCE) are the most liquid current assets found on a business's balance sheet. Cash equivalents are short-term commitments "with temporarily idle cash and easily convertible into a known cash amount".This Question Belongs to Commerce >> Accounting
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