[GNC] Treasury Bills

[DaveC49]

Les,

As they have a specified maturity date even though they are generally short
term I doubt if you would usually classify them as cash, normally reserved
for currency. They are basically short term investments with a maturity
generally within the current accounting period so you would classify them as
current assets under a general heading of cash or cash equivalents with
actual cash currency also in a separate account under this general heading.
The following article suggests a treatment
https://accountingsoftware.com.ng/accounting-treatment-for-debt-securities-treasury-bills-bond-investment/
also see http://faculty.uml.edu/ccarter/chapter06part5.htm

David



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David Cousens
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