11-01-2007, 08:43 AM
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$ Saving College Freshman
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Join Date: Aug 2007
Posts: 531
Points: 2835.00
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Quote:
Originally Posted by disneysteve
Cash=Physical money. In the US, that would be paper money (1, 2, 5, 10, 20, 50 and 100 dollar bills) and coins (1, 5, 10, 25, 50 and 100-cent pieces).
Anything else - checks, debit cards, credit cards, goats or chickens would not qualify as cash.
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Cash - Wikipedia, the free encyclopedia
cash Definition
I found this confusing:
Quote:
In bookkeeping and finance, cash refers to a current asset account, as opposed to long term assets such as property plant and equipment.
Cash is commonly defined as money in the form of bills or coin, legal tender.
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Is there a legal definition somewhere?
I found this insightful: Re: What is the appropriate definition of "CASH"?
Quote:
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In selecting a definition, it is usually worthwhile to decide what we want to use the definition for. After all, the definition is supposed to serve us … instead of us serving the definition!
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