Cash in Hand
Code: 1111
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Account Information
| Account Type | Statement of Financial Position |
| Normal Balance | Debit |
Definition
Cash kept in company cash box
Note: This account may be broken down into sub-ledgers as needed (e.g., customer/supplier/bank names or branches).
Common Journal Entries
Received cash from customer
Dr. Cash in Hand
Cr. Sales
Paid cash expenses
Dr. Expenses
Cr. Cash in Hand
Deposited cash to bank
Dr. Bank Account
Cr. Cash in Hand
Received cash loan
Dr. Cash in Hand
Cr. Short Term Loans
Related Accounts
International Accounting Standards
IFRS
IAS 7
Statement of Cash Flows
Cash in hand is part of cash and cash equivalents. Must be disclosed separately if material.
US GAAP
ASC 230
Statement of Cash Flows
Similar treatment to IFRS. Restricted cash must be disclosed separately.