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What is the General Ledger account called 'Cash On Hand' used for? Money currently in hand, but intended for deposit in the bank Money taken

What is the General Ledger account called 'Cash On Hand' used for? Money currently in hand, but intended for deposit in the bank Money taken out by the owner for personal use Money to be used for investment into the business Money taken out by owner for business use Petty Cash for lunches

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