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3 years ago

Which of the following is not considered cash for financial reporting purposes.

SAT

1 answer:

Blizzard [7]3 years ago

5 0

Answer:

The following is not considered cash for financial reporting purposes: Postdated checks and I. O. U.'s A post-dated checks is a referred to as a check signed by the drawer for a date in the future. whereas;IOU which is further abbreviated as "I owe you" is an informal agreement acknowledging debt.It is different from a promissory note i.e. It is not a negotiable instrument and does not classify repayment keywords.

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