Question

What happens when both cash at bank and cash in hand both appear in admissions of a partner?

Answer 1

When there is Cash at bank and Cash in Hand is there then both are liablities and written in the balance sheet Account.

While they are also come in cash book 1 because When There is bank and Cash Transactions both are involved there is contra entry posted in cash book.

Both can be Admired a partner at a Appear in Cash at bank and Cash at hand.