Definition of quasi cash with reference

Pls anybody tell me that 'what is quasi cash' and what IAS or IFRS section is applicable for determining and treating quasi cash.

Permalink Reply by Werner Reisacher on February 10, 2010 at 4:09pm: The work "quasi" comes from the latin language and means: materially identical but with some different aspects. It is often used to describe following "cash like" items:
-casino gaming chips
•money orders
•travelers cheques
and other items that have the same the material value as cash but have to be differently handled to be used as cash.
You will find the term "quasi" often used under IAS, IFRS, in connection with quasi-loans, quasi-debts, etc. Under both regulations, the quasi cash is considered to be identical with "cash" for accounting purposes and reported on the same line under current assets.
Werner Reisacher; ▶ Reply to This

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