Cash In Hand Definition - MBA Skool-Study.Learn.Share.
Synonyms for cash in hand include under the table, tax-free, unofficial and untaxed. Find more similar words at wordhippo.com!
On one hand, providing the cash dividend to the shareholders does boost the confidence of investors. On the flip side, it involves financial resources foregone, which could have been utilized for future developmental activities of the firm. The stock market also may react accordingly. Initially, it may point southwards to the overall stock prices, but if a firm is known for distributing cash.
Companies retain cash or cash equivalents to pay bills whenever necessary. Rather than keeping copious cash amounts on hand, however, making small short-term investments allows a company to earn additional cash through interest. The money remains liquid while adding benefits to the company.
Auditing cash tends to be straightforward. We usually just obtain the bank reconciliations and test them. We send confirmations and vouch the outstanding reconciling items to the subsequent month’s bank statement. But are such procedures always adequate? Hardly. Recall the Parmalat and ZZZZ Best Carpet Cleaning frauds. In those businesses, the theft of cash was covered up with fake bank.
Definition of cash in hand in the Definitions.net dictionary. Meaning of cash in hand. What does cash in hand mean? Information and translations of cash in hand in the most comprehensive dictionary definitions resource on the web.
Cash Flow Statement 14. Financial Ratios 15. Bank Reconciliation 16. Accounts Receivable and Bad Debts Expense 17. Accounts Payable 18. Inventory and Cost of Goods Sold 19. Depreciation 20. Payroll Accounting 21. Bonds Payable 22. Stockholders' Equity 23. Present Value of a Single Amount 24. Present Value of an Ordinary Annuity 25.
Cash definition is - ready money. How to use cash in a sentence.