Are nsf checks included in cash equivalents in accounting?

Question:

Are nsf checks included in cash equivalents in accounting?

NSF Checks :

NSF checks entail the checks that are not deposited in the payee's account due to fewer funds from the payer's accounts. On the other hand, cash equivalents involve the company's property value in cash, or it's already in money form; their totals result in cash equivalents in the business for a short time.

Answer and Explanation:

Become a Study.com member to unlock this answer! Create your account

View this answer

Yes, NSF checks are included in cash equivalents. NSF checks involve money waiting to be deposited in the company's account but haven't been...

See full answer below.


Learn more about this topic:

Loading...
System of Checks & Balances: Purpose, Importance & Examples

from

Chapter 1 / Lesson 4
43K

The system of checks and balances was created within the United States federal government to prevent the abuse of power. Learn about the purpose, importance, and real-world examples of checks and balances.


Related to this Question

Explore our homework questions and answers library