Cash at bank and in hand
The money the company actually holds at the balance sheet date.
This is the most liquid part of current assets: bank balances, post office accounts, cheques and cash. Unlike the result, it is not a figure accounting choices can shape — the money is either there or it is not.
One date is still one date, though. A seasonal business's balance on 31 December may be its highest or its lowest of the year, and says nothing about what happened in between.
Where this figure comes from
Read from the “Cash at bank and in hand” line of the balance sheet.
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