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cash on hand. Definition. Funds that are immediately available to a business, and can be spent as needed, as opposed to assets that must be sold to generate cash. The amount of cash on hand determines what projects a company can undertake, or what financial hardships can be absorbed, without going into debt or arranging other financing.
Equity. See some accounts explained below: 1  Cash in Checking: cash used to pay expenses or deposit revenue. 2  Cash in Savings: cash kept in a depository account. 3  Cash on Hand: cash kept for small expenditures (Petty Cash) or cash kept in cash registers. 4  Accounts Receivable: sales on credit. 1. Definition of a chart of accounts in accounting. 2  2. Balance sheet accounts within a chart of accounts. 3  2.1. 4  Example of a chart of accounts with the balance sheet elements.