why is post dated check a current asset / What are Prepaid Expenses? | F&A Glossary | BlackLine

why is post dated check a current asset

why is post dated check a current asset

There are some exceptions to short-term assets and current assets being classified as cash and cash equivalents. Classification of cash fund as current or non current should parallel the classification applied to the related liability. Adjustment of expenses at the end of accounting period Imprest: Expenses xxx Petty cash fund xxx Fluctating: No entry 5. Carousel Previous. Sinking fund — if the related bonds payable is current, then sinking fund is current, thus part of cash. Otherwise, bank overdrafts are to be reported separately as a current liability. Cash is money in the form of currency, which includes all bills, coins, and currency notes.

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WHY IS POST DATED CHECK A CURRENT ASSET / morphy.info