Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 34 - No. 41)

What does the term "cash in hand" refer to in the context of a cash book?

Cash held in the business's bank account.

Physical cash held by the business.

Cash received from the customers.

All forms of liquid assets.

Cash in hand refers to physical currency held by the business, not money in the bank or other assets.