Question

explain why there could be a credit balance on a bank account but not on a cash account

Answer 1

Answer:

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 .

Answer 2

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 .