CASH AMOUNT Meaning and
Definition
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Cash amount refers to the specific sum of money that is paid or received in physical currency, typically in the form of coins and banknotes. It represents a direct, immediate, and tangible monetary value. This term is commonly used in financial transactions and accounting to indicate the precise cash value being transferred.
A cash amount can be related to various situations. When making a purchase, it refers to the total sum of money required to complete the transaction without any additional forms of payment. Similarly, it can be the exact sum of money received when selling goods or services for cash.
In the context of personal finance, a cash amount refers to the actual bills and coins a person possesses or has in their possession at any given time. It includes all the liquid assets held outside of bank accounts or other types of financial instruments.
Furthermore, businesses often use cash amounts when reporting their financial statements. This information is crucial for evaluating cash flow, liquidity, and financial health. For instance, a company's cash amount can be specified in a cash flow statement, where it shows the inflow and outflow of physical cash during a specific period.
In summary, a cash amount denotes a precise quantifiable value of money in the form of coins and banknotes that is being used in transactions, received as payment, or held as a physical asset.
Common Misspellings for CASH AMOUNT
- xash amount
- vash amount
- fash amount
- dash amount
- czsh amount
- cssh amount
- cwsh amount
- cqsh amount
- caah amount
- cazh amount
- caxh amount
- cadh amount
- caeh amount
- cawh amount
- casg amount
- casb amount
- casn amount
- casj amount
- casu amount
- casy amount
Etymology of CASH AMOUNT
The word "cash" originated from the Middle French word "caisse", which means "money box" or "strongbox". It was then borrowed into English around the 16th century. The term "amount" comes from the Old French word "amont", which means "to go up" or "ascend". When combined, the phrase "cash amount" refers to the specific quantity or value of money.
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