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1. Cash means Paper money , coins , Money order etc
But, Cash Equivalent means Highly Liquidable Securities
2. Cash has not any Time period . It is Demand Receipt
But , Cash Equivalent Take some time to convert
into cash (90days or less)
3 .Cash exmp: Cash n Bank Deposit
But Cash Equivalent exmp: Highly Liquidable - Marketable Security , Treasury Bills etc
4 . Cash is not convert into cash anymore
But , Cash Equivalents are Convert into Cash ..
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X has made the following drawings during 2014-15. Calculate interest on drawings @90% .
1.Rs. 4000 withdrawn by X on the first day of every month with effect from 1-5-14 for four month
2. From September 2014 he withdraw RS 6000 pm in the middle for each month till December
3. On 1-2-15 he, withdrew RS 10000
4. On 31-3-15 he withdraw RS 5000.
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