Define the term Cash
Define the term Cash in accountancy?
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Cash is one of the significant finance terms and it is as well part of money. When money is in the form of currency, then that money becomes cash. The Cash in business is the asset however when cash is in reserve form for completing future responsibility, then it will be liability of business. Subsequent to, subtracting reserve amount, we can utilize balance cash for our business aims.
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Assets are those resources that the business owns. Assets are the things of value owned which enable the firm to get cash or befit in future. There are mainly two types of assets: - Current assets & Fixed assets for e.g. cash, f
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