Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 31 - No. 4)
Which scenario represents a 'cash in hand' transaction in the cash book?
Paying a supplier by check.
Withdrawing cash from the bank.
Receiving a direct deposit.
Transferring funds online.
Explanation
Withdrawing cash means moving cash from the bank to be held as physical cash.
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