Multiple Choice
Which of the following statements about the Cash account are true?
A) Because most companies earn their fees in cash,the Cash account is categorized as revenue.
B) For any given transaction,Accounts Receivable and Cash can be used interchangeably because both accounts are measured in terms of cash.
C) The Cash account includes the value of any medium of exchange that a bank accepts for deposit.
D) Cash is the same thing as Retained Earnings.
E) Cash is a liability account.
Correct Answer:

Verified
Correct Answer:
Verified
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