Cash definitionForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Cash definitionThis topic has 1 reply, 2 voices, and was last updated 2 years ago by John Moffat.Viewing 2 posts - 1 through 2 (of 2 total) AuthorPosts September 9, 2021 at 4:38 pm #635157 James124ParticipantTopics: 166Replies: 138☆☆☆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. September 10, 2021 at 8:06 am #635241 John MoffatKeymasterTopics: 56Replies: 53798☆☆☆☆☆Both statements are correct except, of course, bank overdrafts reduce the total because they are negative balances.AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In