B2: 2.01(h) Cash

Although there are now many businesses that operate without using cash, it is still very popular, particularly for smaller transactions.

Holding large amounts of cash can be a security issue for businesses so many will have a policy of banking all receipts on the same day as it is received.

Withdrawing cash from a bank account

If a business draws cash from its bank account the bank account balance will be reduced immediately.

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