What is Cash In Accounting - Meaning
Do You Know About Cash / What is Cash In Hand / What is a Cash Account In Accounting Here we will study about “What is Cash in Accounting? Cash Definition And Meaning In Accounting, Cash is a Current Asset and it means any amount or payment received or paid in the form of money or currency other than Credit Payments And Receipts are Cash in Accounting. Credit Card Receipts And Payments are also considered as Cash Receipt And Cash Payments. Cash at Bank shows Cash deposited into the Company’s Bank Account while Cash in Hand shows Cash withdrawn from Bank Account of Company that is kept safe i n the custody of Chief Cashier and it is available for Cash Payments And Investments. You may also be interested in “ Bank Reconciliation Statement ” For Recording Cash Account Transactions Cash Book is Maintained that serves as a Journal as well as a Ledger . The ending balance is transferred to Balance Sheet Under Current Assets Sect...