Accountancy, asked by latakshigoyal, 8 months ago

balance of cash in hand ₹400.,bank overdraft ₹5000​

Answers

Answered by bhavya4280
1

Answer:

Explanation:

Cash in hand means asset so it is in debit side .so ,cash in hand =400 and bank overdraft means liability so it is in credit side .So, bank overdraft =5000

Explanation:cash in hand is the total accessible cash.

An overdraft usually refers to a checking account where the amount of checks presented to the bank for payment exceeds the amount on deposit.

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Answered by shrutica24
0

Explanation:

thus, the balance of cadh in hand will apear in ASSET SIDE OF BALANCE SHEET.

AND the bank overdraft eill come in LIABILITY SIDE OF BALANCE SHEET

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