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