Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 21 - No. 44)
What does 'cash in hand' represent within a cash book?
The balance of the company's bank account.
Physical currency held by the business.
Money owed to the business by customers.
Money owed by the business to suppliers.
Explanation
'Cash in hand' refers to physical cash the business has on its premises.
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