Question
What is an imprest petty cash fund?
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Answer
A fixed petty cash amount.
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Question
Why is remaining maturity not the test for cash equivalent classification?
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Answer
Original maturity from purchase date controls.
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Question
Why is a postdated check not cash when received?
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Answer
It is not yet negotiable.
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Question
How is an NSF customer check treated on the books?
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Answer
Remove it from cash and reinstate a receivable.
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