the report of cash in hand is which report
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cash report is correct answer
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Calculating Cash on Hand
The first part of cash is, literally, any cash your business has in currency, including bills, change and currency notes. For retail businesses, it includes anything in the cash registers. For other businesses, it includes money in petty cash. This amount also includes money in a savings or checking account that can be withdrawn immediately.
To calculate the amount of cash your business has at the end of an accounting period, add up all of these amounts on the last day of that period. If you have foreign currency, the amounts of these currencies must be translated into American dollars as of the date of your cash statement.
The first part of cash is, literally, any cash your business has in currency, including bills, change and currency notes. For retail businesses, it includes anything in the cash registers. For other businesses, it includes money in petty cash. This amount also includes money in a savings or checking account that can be withdrawn immediately.
To calculate the amount of cash your business has at the end of an accounting period, add up all of these amounts on the last day of that period. If you have foreign currency, the amounts of these currencies must be translated into American dollars as of the date of your cash statement.
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