[GNC] Treasury Bills

[Les]

Thanks for the replies Penny and DaveC49.  I have placed Treasury Bills 
under the heading of assets/current assets/cash/.  The maturity will be 
28 days.

Regards,

Les


On 04/21/2018 06:27 AM, Mike or Penny Novack wrote:
> On 4/20/2018 10:46 PM, Les wrote:
>> Hi Gnucashers:
>>
>> Curious, I am wondering if it is correct to classify TBills as "Cash"?
>> Suggestions?
>>
>> Thanks,
>>
>> Les
> Not cash but probably cash equivalents (so still under current 
> assets). Other "negotiable paper" probably treated the same way. But I 
> learned in the old days, and perhaps now* that direct wire transfers 
> are much used, maybe modern accounting has another take on this. The 
> point is, this is not really a gnucash question. You don't have a 
> problem about HOW to enter an account for these but WHERE in the CoA 
> the account belongs. That is an accounting question, not a gnucash 
> question << you are looking for an answer that would apply even were 
> you keeping books the old fashioned way, pen and ink on paper >>
>
> Michael D Novack
>
> * The point here is that going back hundreds of years, "bills of 
> exchange" and other negotiable paper was how large amounts were moved 
> over distance. Much safer than shipping gold.
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