noncash item
Definition 1
Accounting: Financial statement item (such as amortization or depreciation) included in computing a firm's net income on an accrual basis, but which does not affect the inflow or outflow of cash.
Definition 2
Banking: Check, draft, or other negotiable instrument that cannot be credited to a customer's account until it completes the bank's clearing cycle.
Popular 'Accounting & Auditing' Terms
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