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Cash

Overview#

Cash, In economics, is money in the physical form of currency, such as banknotes and coins.

Cash in bookkeeping and finance, is current assets comprising currency or currency equivalents that can be accessed immediately or near-immediately (as in the case of money market accounts). Cash is seen either as a reserve for payments, in case of a structural or incidental negative cash flow or as a way to avoid a downturn on financial markets.

Cash Internal Revenue Service#

Internal Revenue Service states: Cash is:
  • The coins and currency of the United States (and any other country)
  • A cashier's check, bank draft, traveler's check, or money order you receive

More Information#

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