What do you mean by the term "cash and cash equivalent" as per AS 3? From the following information of XYZ Limited, calculate cash and cash equivalent as on31-03-2019. Particulars Cash balance with Bank Fixed Deposit created on 01-11-2018 and maturing on 15-07-2019 Short Term Investment in highly liquid Sovereign Debt Mutual fund made on 01-03-2019 (having maturity period of less than 3 months) Bank Balance in a Foreign Currency Account in India (Conversion Rate: on the day of deposit 69/USD; * 70/USD as on 31-03-2019) Debentures purchased of 10 lacs of A Ltd., which are redeemable on 31st October, 2019 Shares of Alpha Ltd. purchased on 1st January, 2019 Amount (*) 10,000 75,000 1,00,000 $ 1,000 90,000 60,000