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cash in hand expenses or income Related: NCERT Solution - Chapter 1 :...
Cash in hand means cash in businessUnder the cash basis of accounting, revenues and expenses are recognized as follows: 
Revenue recognition: Revenue is recognized when cash is received. 
Expense recognition: Expense is recognized when cash is paid.
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cash in hand expenses or income Related: NCERT Solution - Chapter 1 : Financial Statements - I (Part-1), Class 11, commerce
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