There are two definitions of cash, I am confused that both are contradicting.
Statement 1:
Cash consist of cash in hand and deposit repayable upon demand, less overdrafts.
Statement 2:
Cash is defined as cash in hand and bank current account balances, including overdrafts.
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Cash definition
4y ago#1Both statements are correct except, of course, bank overdrafts reduce the total because they are negative balances.
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