Professional Documents
Culture Documents
Cash Items
Cash Items
Unrealeased Checks – ito yung mga dapat ipangbabayad sa mga creditor pero hindi pa na-rerelease
so hawak mo pa yung cheke. Kung hawak mo pa yung cheke, e di cash mo pa yun. Sa Law, may mga
rules and regulations regarding payment/endorsement of check. Isa sa mga proof na bayad na ang
debtor ay pag nasa creditor na ang check.
Deposits in Foreign Banks – dapat unrestricted sya para considered as cash. It should be measured
at its spot rate or the exchange rate at the balance sheet date.
Cash Appropriated for short term purposes – kahit na appropriated na sya, pero kung ang
purpose ay for short term lang naman, classified as cash parin sya. Tandaan nyo lang sa appropriation
ang “like father like son” principle. Kung para saan ang purpose ng appropriation (whether short or
long term) ay siya rin ang appropriation.
Compensating Balance – ito yung minimum amount na dapat mo ideposito sa bank. Pag bumaba ka
sa compensating balance, magkakaroon ka ng bank charges (parang yung nangyari sa pera ko dati
nung bata ako kaya naubos heheh) as long as NOT RESTRICTED, cash parin sya.
NON CASH items
Postage stamps – hindi ito pedeng ipambayad kay aling nena pambili ng kendi. Hindi sya cash.
Prepaid expense.
Treasury bills:
Non- Current – if maturity from DATE of PURCHASE is more than 3 months (temporary
investment)
TIME DEPOSIT/Money Market Instruments
Non-current – if more than 3 months (temporary investments)
Post-dated check – since “post”-dated sya, ibig sabihin, dated sya on a future date. Ang cheke, non-
negotiable o hindi mo pedeng ipapalit sa banko when the date written on the face of the check ay
hindi pa ngayon (or future dated). Ibalik sa Accounts Payable(payor) or Accounts Receivable(payee)
kung nag-entry na.
NSF Check – tumalbog na cheke.
Restricted Deposits in Foreign Banks – tunog palang, hindi na cash. Restricted kasi sya, hindi
readily available.
Cash Appropriated for LONG term purposes – ulit, “like father, like son”. Kung para saan ang
purpose, sya rin ang classification.
Sinking fund (or sometimes Bond Sinking Fund) – is comprised of cash and investment securities
that have been accumulated for the stated purpose of repaying a specific loan (Intermediate
Accounting, Stice , Stice & Skousen). So, in short, appropriated sya for long term purposes.
Stock Certificates – baka may makulit na prof na magsali nito eh. Hindi to cash at HINDI rin ito
negotiable instrument. Ito lang ay ang proof na may hawak kang stocks. Kasi ang “stocks” hindi yan
barya barya o ginto ginto na ipinamimigay pag bumili ka sa isang korporasyon. Ang stocks ay
intangible (o, hindi intangible asset ah ginamit ko lang yung word na “intangible” as a description, wag
malito) kasi hindi ito nakikita o nahahawakan. So para may proof ka na may hawak ka ng stocks,
binibigyan ka ng issuing corporation ng Stock Certificate at dun naka-state kung ilang stocks ang
hawak mo at kung magkakano.
Stale Check – ito yung checks na hindi napapalitan ng payee (o binayaran) for a long time (usually
ang silent rule ay 6 months, unless otherwise specified). Hindi ito cash kasi usually ang gagawin ng
kumpanyang nag-issue nito ay mag-iissue ng “stop payment order” sa bank. So, babalik sa cash yan
ng issuing company. Hindi na ito cash on the part of the payee. Magiging receivable ulit yung amount
na yun kasi nga na-stale, “napanis” yung cheke.