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What is Cash
Cash, ready cash, hard cash are designations for money in its physical form, i.e. in paper notes or bills and coins. Cash always takes the form of a concrete currency.

Cash, ready cash, hard cash are designations for money in its physical form, i.e. in paper notes or bills and coins. Cash always takes the form of a concrete currency.

Using cash in practice

Concerning the activities of an organisation, cash is part of its financial means. Cash has instant and complete liquidity, which in practice means that it is accepted everywhere. It is a statutory means of exchange (payment). Organisations keep track of their expenses (expenditures) and income with the aid of a cashier´s office. The legislation of some states sets rules for the limitation of cash payments. Apart from cash, money can also take the form of cashless monies (as bank deposits).

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Last update: 05.05.2019

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