Cash: Simply put, cash refers to foreign currency bills remitted from abroad or brought from abroad and transferred to personal bank accounts. Cash: refers to foreign currency cash or money deposited in a bank in the form of foreign currency cash.
The difference between the two:
1. Foreign currency cash can be used as a means of payment for international settlement. Cash refers to foreign currency, including paper money and coins.
2. Income and expenditure of account: the income of cash account is all kinds of cash remitted or transferred, and the income of cash is generally returned foreign currency cash; If the company pays foreign currency cash to its cash account, it needs to be converted into cash; Similarly, if a company withdraws cash from its cash account, it must be calculated by converting cash into cash.
3. Interest calculation: Under normal circumstances, the cash account is calculated at the prescribed interest rate, and the company cash account does not bear interest.