What do you mean by credit side of bank column casted short
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In this question, we need to answer tell us about the credit side of the bank column.
- Businesses maintain cash books to keep track of their bank and cash transactions.
- A cashbook has a cash column that shows the amount of cash the business has on hand and a bank column that shows the amount of cash that has been deposited at the bank.
- According to the bank's records, each customer has a unique account. On the credit side of the customer's account are all deposits, and on the debit side are all withdrawals. An account statement is sent to customers by the bank regularly.
- Expenses are entered on the credit side of the Cash Book's Bank Column.
- If the Bank Column's credit side is cast short, the Cash Book's Bank Column balance is greater than the balance displayed in the Pass Book.
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