Explain why it is not possible to have a credit
balance brought down in the cash column of a
cash book?
Answers
Answered by
12
Answer\No
Explanation:
it is because cash is an asset for the business and bringing down credit balance ( by balance c/d) would suggest that cash has a credit balance which is against the rules .
however the bank column of the cash book can have the credit balance brought down which would suggest that that the bank account has been overdrawn by the firm .
Answered by
1
Answer:
Explanation:
it is because cash is an asset for the business and bringing down credit balance ( by balance c/d) would suggest that cash has a credit balance which is against the rules .
however the bank column of the cash book can have the credit balance brought down which would suggest that that the bank account has been overdrawn by the firm
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