ACCT 212 Week 4 Discussion Post # 3

  • ACCT 212 Week 4 Discussion Post # 3
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Institution ACCT 212 Financial Accounting
Contributor Jessica Brown

Cash and Cash Equivalents

The following are items recorded in a company’s balance sheet which includes currency, coins, and balances in savings and checking accounts, as well as items acceptable for deposit in these accounts, such as checks received from customers. In addition, Also, when a company sells products or services to customers who use credit cards or debit cards, the cash to be collected from those sales is nearly always included in the total cash balance immediately. The reason is that cash from those transactions typically will be deposited electronically into the company’s bank account within a few days.

 

 

Instituition / Term
Term Summer 2021
Institution ACCT 212 Financial Accounting
Contributor Jessica Brown
 

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