With electronic payment becoming more popular, it is more and more common for us not to have a large amount of folding paper cash and coins in our wallets. In business terms ‘cash’ can refer to the amount of easily accessible money the business has in the bank.
For example…
You may prefer your customers to pay cash so that you don’t have to pay the fees associated with credit or other bank card transactions. Remember that the tax department expects you to declare all the money you receive in return for goods and services, no matter how it comes to you.
