Yes it will come under Cash and Cash Equivalents, however, it the amount shall be separately disclosed.
For example,
Cash in hand XXX
Balance with banks* XXX
Total C&CE XXX
*Balance with banks includes deposits of XXX having maturity of more than 12 months.
Schedule III to the Companies Act, 2013 provides that:
An asset shall be classified as current when it satisfies any of the following criteria:—
(a) it is expected to be realised in, or is intended for sale or consumption in, the company’s normal operating cycle;
(b) it is held primarily for the purpose of being traded;
(c) it is expected to be realised within twelve months after the reporting date; or
(d) it is cash or cash equivalent unless it is restricted from being exchanged or used to settle a liability for at least twelve months after the reporting date.
Point (d) specifically suggests that C&CE is a current asset irrespective of point (c). You may also note that there is an 'or' between point (c) and (d).
Hope this clarifies your doubt.
CAclubindia
