INTACC 1 - CASH REVIEWER

Highly liquid short-term investment that is readily convertible into cash.

Refers to a form of negotiable instrument that is written, signed and dated which enables the bearer to receive a sum of money from a bank.

Includes money and any other negotiable instrument that is payable in money and acceptable by the bank for deposit and immediate credit.

A manager's cheque is a secure cheque that the bank issues to purchasers.

• Traveler's Check

• Manager's Check

• Stale Checks

• Cashier's Check

Checks written and dated in a future date.

• Post-dated Check

• Manager's Check

• Undelivered Check

• Bank Drafts

Is a fixed denomination note issued by non-banking financial institutions (generally called traveller’s cheque issuer) for facilitating international travellers to carry and pay traveling costs safely in their travel.

• Traveler's Check

• Manager's Check

• Stale Checks

• Cashier's Check

A check that is received but not withdrawn within 6 months.

Checks that was drawn and recorded but is not delivered or given to the payee as of the reporting period.

Pertains to payment on behalf of the payor, which is guaranteed by the issuing bank. A draft is used when the payee demands for a highly secured form of payment.

• Post-dated Check

• Manager's Check

• Undelivered Check

• Bank Drafts

Is in the form of certificate commonly issued by the government or banking institution that allows the stated payee to receive cash on demand.