00:01
Hello, in this video we're going to identify what are the amounts that should be included in our cash account in the balance sheet.
00:11
So let us start.
00:12
We have the first account, cash in bank dash savings account.
00:21
So cash in bank, this is self -explanatory.
00:26
This is included in your cash savings account.
00:31
So that's $8 ,000.
00:35
Next, we have cash in hand, of course.
00:41
This is already included in your cash account.
00:46
So take note that the cash account has three classifications.
00:54
We have cash on hand, cash in back, and cash funds.
00:59
Okay.
01:00
So next we have cash refund due from the irs.
01:04
So these are taxes...