How are cash and cash equivalents typically classified on the balance sheet?

Always as current assets

Cash and cash equivalents are consistently classified as current assets on the balance sheet. However, it is important to note that amounts qualifying as cash and cash equivalents, as defined by AS-3 (Accounting Standard 3), are specifically disclosed according to the prescribed standard. In the reporting hierarchy, AS takes precedence over Schedule III, ensuring that the disclosure of cash and cash equivalents adheres to the guidelines set by the accounting standard.