In the same cashbook, is it possible for Bank to have more credits than debits while Cash has more debits than credits?
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Answer:
yes, it is possible
Explanation:
cash only has debit balance (more debit than credit).
Bank can have credit balance (more credit than debit) which implies Bank overdraft.
Therefore, it is possible for Bank to have more credit than debit while cash has more debit than credit in the same cash book.
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