0
Add your answer:
Earn +20 pts
When will the cash book have a credit balance?
When there is a large amount of expenses debited or no amount of cash received then it is obviously the cash book is credit balance.
Why are cheques deposited in bank but not cleared added to cash book credit balance?
bcoz it has been deducted earlier from the cash book credit balance (if any), at the date it was deposited
Why is it not possible to have a credit balance brought down in the cash column of a cash book?
Beacause its an asset and it's just impossible to have a credit cash balance bank could have a credit balance when bank overdraft is given. IF ANYONE HAS A BETTER ANSWER PLEASE EMAIL AT kaleytube@gmail.com
What is meanby credit balance of cash book?
means u owe money
What does it mean when the bank account in the cash book has a credit balance?
That doesnt happen often, but its when you send a bad check. Because cash account is an asset and carry debit balance
When will the cash book have a credit balance?
When there is a large amount of expenses debited or no amount of cash received then it is obviously the cash book is credit balance.
Why are cheques deposited in bank but not cleared added to cash book credit balance?
bcoz it has been deducted earlier from the cash book credit balance (if any), at the date it was deposited
Why is it not possible to have a credit balance brought down in the cash column of a cash book?
Beacause its an asset and it's just impossible to have a credit cash balance bank could have a credit balance when bank overdraft is given. IF ANYONE HAS A BETTER ANSWER PLEASE EMAIL AT kaleytube@gmail.com
What is meanby credit balance of cash book?
means u owe money
Which balance goes to the balance sheet cash book balance or bank balance?
You use the cash book balance. The bank balance on the bank statement is just used to reconcile to the cash book balance to see what is due to clear after the reporting period and verify that the cash book balance is correct.
What does it mean when the bank account in the cash book has a credit balance?
That doesnt happen often, but its when you send a bad check. Because cash account is an asset and carry debit balance
Does cash on hand have a debit or credit balance?
credit
Is cash a credit or a debit?
Cash is a current asset of business and like all other current assets which has debit balance as default normal balance cash also has debit balance.
What is tahabil balance in bank cash book?
what is tahabil balance column in bank cash book
Why is cash a credit in accounting?
Cash is "not" a credit in accounting. The cash account is an asset and is a debit balance account. To increase the cash account you debit the account and to decrease it you credit it.Cash = Current Asset = Debit Balance(GAAP)
IS CASH FLOAT CREDIT OR DEBIT IN A TRIAL BALANCE?
Credit
Difference between cash flow statement and cash book?
Cash book is made before making Balance sheet because ash book balance is transfer to balance sheet but Cash flow statement is made after balance sheet. 2. Cash book is subsidiary book of accounts and cash flow statement is a Financial Statement.
