What is included in 'Cash on Hand'?

By Marc Sevitz · Updated 24 October 2014

HiI've received two IT3(b) forms from Nedbank. One is for a Park It Account (which is a 24 hour interest bearing account) and the second is for a Savvy Account (which is considered a cheque account and bears no interest).When it comes to completing my ITR12, under Local Assets, I have an amount which needs to be entered as Cash on Hand.Now I have a closing balance for 28/02/2014 for both the Savvy Account and for the Park It Account, do I add the two values together and state them as my Cash on Hand or do I enter only one of the amounts?Your help would be greatly appreciated?

TaxTim Marc said:
25 October 2014 at 9:07

You would add them up and enter both amounts as those are your cash assets.

Pat said:
25 October 2014 at 9:27

Great, thank you very much for your response.

Much appreciated.

TaxTim Marc said:
25 October 2014 at 9:51

Only a pleasure!