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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