By 'Cash Equivalents' we mean :

CS Executive · Cost and Management Accounting · PYQS · June 2017
By 'Cash Equivalents' we mean :
(A) Bank Balance
(B) Short-term highly Liquid Securities
(C) Investments
(D) Investments in debenture

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Cash Flow Statement

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