malachijwilson5
14.07.2020 •
Business
Cash in Hand” considered as? 1 point Investment Liability Retained Earnings Asset
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Ответ:
Asset
Explanation:
In accounting/investment, cash in hand is generally considered to be an asset.
Cash in hand is considered a liquid asset due to the fact that it can easily be accessed or utilized to settle liabilities or acquire other assets. For example, cash in hand can be used to acquire properties, furniture, electronics, etc all of which are considered assets.
Hence, the correct answer is asset.
Ответ: