Cash Flashcards
1
Q
Are negotiable instruments such as checks, cashier’s checks, certified checks, and money orders included in cash?
A
-Yes
2
Q
Can bank overdrafts be offset against other cash accounts? What’s the presentation if not offset?
A
- Only if accounts are with the same bank
- Current liability
3
Q
Does cash include post dated checks, compensating balances, or restricted cash funds?
A
-No
4
Q
Give examples of cash equivalents.
A
- US Treasury obligations
- Commercial paper
- Money market funds
