Final answer:
The cash available on a cash budget includes both the cash on hand and expected cash receipts, which represent the total anticipated liquid funds available for use.
Step-by-step explanation:
On the cash budget, cash available includes both cash on hand and expected cash receipts. This means that when preparing a cash budget, a business or individual should account for the physical currency they have immediately available (cash on hand) as well as any incoming funds they anticipate receiving through normal operations or other sources (expected cash receipts).
Together, these amounts represent the total cash that is expected to be on hand for a given period, which is crucial for understanding liquidity and planning for potential expenditures.