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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.
In accounting debit is the left side of an account. It general terms it does not mean charge though that is what many people take it to mean since that is what it means to â¦them. It is incorrect to say that debit means charge.  A debit card takes money directly out of your bank account.