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    Business
  3. Study Set
    Fundamental Accounting Principles
  4. Exam
    Exam 7: Internal Control and Cash
  5. Question
    Cash Consists of Cash on Hand and Demand Deposits
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Cash Consists of Cash on Hand and Demand Deposits

Question 40

Question 40

True/False

Cash consists of cash on hand and demand deposits. This includes coins, currency, and amounts on deposits in bank accounts, chequing accounts and some savings accounts.

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