Which of the following items should not be included in the Cash caption on the balance sheet?
A) Coins and currency in the cash register
B) Checks from other parties presently in the cash register
C) Amounts on deposit in checking account at the bank
D) Postage stamps on hand

Question

Quizplus · Accepted Answer

Postage stamps on hand should be classified as a prepaid expense, not as part of cash. The other options (coins and currency in cash register, checks from other parties in cash register, amounts on deposit in checking account at bank) are all forms of cash that should be included in the Cash caption on the balance sheet.

Which of the Following Items Should Not Be Included in the Cash