Question

The balance in the cash book represents cash in hand and at the bank. true or false​

Answer 1

Explanation:

Bank balance as per cash book means favourable or debit balance as per cash book. This is because, unless specified otherwise, bank balance represents positive balance in the cash book. Cash book is debited when cash comes in and credited when cash goes out. So, bank balance shows debit or positive balance.

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Answer 2

Answer:

Bank balance as per cash book means favourable or debit balance as per cash book. This is because, unless specified otherwise, bank balance represents positive balance in the cash book. Cash book is debited when cash comes in and credited when cash goes out. So, bank balance shows debit or positive balance.