When will the cash Book have a Credit Balance?
Answer Posted / griffen
Considering that the cash book is a one column cash book meaning it only records cash transactions only thenit can never have a credit balance but if its a two column cash n bank then if an overdraft is offered at bank then definitely we gonna have a credit balance on the credit side.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
What a deferred asset is and give an example?
Explain me the difference between accounting and auditing?
what are the voucher entries for depreciation in tally and when?
Tell us how can you define departmental accounting?
What can go wrong if you have a balance sheet with a lot of debt? What can go wrong if there is negative owner's equity? What does a good cash flow statement look like and why?
Scope and nature of Accounting
Why you want to change???
ram paid to cheque rs 25000/- for comission what is the entry in tally can in this entry tds will deduct then what is the entry in tally and which voucher
What is the diffrent job&project accounting?
What are the objects of cost accountancy?
Explain me what is assets minus liabilities?
Hi sir, Our appointed one agent for sales promotion activities. This agent doing the job "canvas of our product". My quires 1)it is eligible for service tax and how to accounted. 2) this transaction is direct expenses or direct expenses? Pl suggest me
i am trying to set up a recurring reversing journal in Oracle GL, my problem is i have income balance of £30k that i only want to show 1/12th in a period over 12 months. can any one help me set it up . i want to show P01-13 opening balance £30k less £27500 P02-13 reverse P01-13 journal P02-13 opening balance £30k less £25000 etc. or does anyone know of another way it can be done automatically every month.
how many view the tally backup erp9 after the tally backup in tally
how will decide that vender payment is ok without reco