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  • Equity Securities Preference Shares-Acquired 3 Mos. Before redemption-CE Treasury Bill - Purchased A Yr. Ago - Not CE Even 3 Mos

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    Yenelyn Apistar Cambarijan
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    This document defines cash and cash equivalents for accounting purposes. Cash includes currency, coins, checks, and demand deposits. Cash equivalents are highly liquid, short-term investments that can be converted to cash within 3 months such as commercial paper, money market funds, and treasury bills. Equity securities are not considered cash equivalents as they have no maturity date. Cash is further broken down into cash on hand, in bank, and in funds and is generally reported on the balance sheet at face value or exchange rate on the date of the statement.

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    This document defines cash and cash equivalents for accounting purposes. Cash includes currency, coins, checks, and demand deposits. Cash equivalents are highly liquid, short-term investments that can be converted to cash within 3 months such as commercial paper, money market funds, and treasury bills. Equity securities are not considered cash equivalents as they have no maturity date. Cash is further broken down into cash on hand, in bank, and in funds and is generally reported on the balance sheet at face value or exchange rate on the date of the statement.

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    © All Rights Reserved
    Baixe no formato DOCX, PDF, TXT ou leia online no Scribd
    Sinalizar o conteúdo como inadequado
    29 visualizações1 página

    Equity Securities Preference Shares-Acquired 3 Mos. Before redemption-CE Treasury Bill - Purchased A Yr. Ago - Not CE Even 3 Mos

    Enviado por

    Yenelyn Apistar Cambarijan
    This document defines cash and cash equivalents for accounting purposes. Cash includes currency, coins, checks, and demand deposits. Cash equivalents are highly liquid, short-term investments that can be converted to cash within 3 months such as commercial paper, money market funds, and treasury bills. Equity securities are not considered cash equivalents as they have no maturity date. Cash is further broken down into cash on hand, in bank, and in funds and is generally reported on the balance sheet at face value or exchange rate on the date of the statement.

    Direitos autorais:

    © All Rights Reserved
    Baixe no formato DOCX, PDF, TXT ou leia online no Scribd
    Sinalizar o conteúdo como inadequado
    de 1

    FINANCIAL ASSET-CASH

    CASH
    Undeposited currency and coins
    instrument
    Petty cash
    Demand deposits

    Undeposited negotiable checks


    Foreign currencies

    Bank drafts

    CASH EQUIVALENTS
    Three-month commercial paper or money market
    Three-month time deposit
    Three-month treasury bills
    Three year treasury bill purchased three months before maturity date

    Note: Equity securities cannot be cash equivalent

    (shares have no maturity

    date)

    Money orders
    Other short term funds

    a) CASH ON HAND
    -Customers checks
    -Cashiers or managers checks
    - Travelers check
    - Bank drafts check
    - Money order

    Preference shares- acquired 3 mos. before redemption-CE


    Treasury bill purchased a yr. ago not CE even 3 mos.

    b.) CASH IN BANK


    - Demand deposit
    - Checking account
    - Saving deposit

    c.) CASH FUND


    -Petty Cash
    -Payroll fund
    - Dividend fund

    VALUATION OF CASH IN BALANCE SHEET


    Generally -face amountor face value
    Foreign currency Philippine peso using current exchange rate as of the balance sheet date
    Cash in bank (financial difficulty or in bankruptcy) estimated realizable or recoverable
    value if the amount recoverable is lower than face value

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