All of the following are classified as cash except money on hand. money orders. restricted cash....
All of the following are classified as cash except
money on hand.
money orders.
restricted cash.
checks.
Homework Answers
answer : restricted cash
explanation
money on hand is included in the heading of cash and cash equivalents
money orders are also treated as cash
checks are also listed under the heading of cash and cash equivalents
restricted cash is not classified as cash because it is used for some specific purpose (it is restricted for specific purpose) . it is not available for immediate general business use .restricted cash is listed separate line of item from the cash and cash equivalents . generally cash is restricted for some specific purposes like purchase of machines and purchase of equipment or for capital investments.
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