For financial reporting purposes,cash generally includes currency and other items that are payable on demand,such as checks,money orders,bank drafts,and certain savings accounts.

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For financial reporting purposes,cash generally includes currency and other items that are payable on demand,such as checks,money orders,bank drafts,and certain savings accounts.Savings accounts that impose substantial penalties for early withdrawal should be classified as investments rather than cash.

For Financial Reporting Purposes,cash Generally Includes Currency and Other Items