cash account opening balance will appear in?
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Answer:
cash account opening balance will appear in debit side
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Introduction:
A cash account is a form of brokerage account in which the investor must pay the entire purchase price for the shares. A cash account holder is not permitted to borrow funds from his or her broker-dealer to pay for transactions in the account.
Explanation:
An account's opening balance can be seen on the credit or debit side of the ledger account. "Balance b/d" represents the opening balance.
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