Section 1
Overview of Cash
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By Boundless
By Boundless
Boundless Accounting
Accounting
by Boundless
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![Thumbnail](../../../../../../figures.boundless-cdn.com/30913/square/american-cash.jpeg)
What Is Cash?
Cash and cash equivalents are the most liquid type of company assets used by businesses to settle debts and purchase goods.
![Thumbnail](../../../../../../figures.boundless-cdn.com/10894/square/us-postal-savings-system-5.jpeg)
Types of Cash
Types of cash include currency, funds in bank accounts, and non-risky financial instruments that are readily convertible to cash.
Reporting Cash
Cash and cash equivalents are reported in the current asset section of a business's balance sheet.