30 July 2010
Dear Thrissurkkaran Ishtan Cash equivalents are short-term, highly liquid investments that are readily convertible into known amounts of cash and which are subject to an insignificant risk of changes in value.
30 July 2010
IF the FD is going to mature in a short period of time say 3 months then it is generally taken in cash & cash equivalents i. e. if the same is held lien for short term loans.
If long term loan then definately not in cash & cash equivalents.
CAclubindia
