CASH ON HAND Meaning and
Definition
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Cash on hand refers to the physical currency and coins that a business or individual possesses at a given time. It represents the immediate availability of funds that can be used for transactions or to meet financial obligations. The term "cash on hand" is often used to distinguish physical currency from other forms of money, such as funds held in bank accounts or other liquid assets.
Cash on hand is an important metric for assessing a business's liquidity, as it provides an indication of its ability to cover immediate expenses without relying on credit or other sources. It is commonly used in financial statements and balance sheets to report the amount of cash readily available.
For individuals, cash on hand represents the amount of money they have readily accessible to spend or use for various needs. This includes the money kept in wallets, purses, or at home. Although the use of physical currency has declined with the rise of digital payments, cash on hand remains relevant for small transactions or in situations where electronic payment methods may not be available or practical.
Additionally, cash on hand can also refer to the amount of money an organization has available for immediate use in case of emergencies, unexpected expenses, or to take advantage of potential business opportunities. It plays a crucial role in financial planning and budgeting, helping to ensure financial stability and flexibility.
Common Misspellings for CASH ON HAND
- xash on hand
- vash on hand
- fash on hand
- dash on hand
- czsh on hand
- cssh on hand
- cwsh on hand
- cqsh on hand
- caah on hand
- cazh on hand
- caxh on hand
- cadh on hand
- caeh on hand
- cawh on hand
- casg on hand
- casb on hand
- casn on hand
- casj on hand
- casu on hand
- casy on hand
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