A

Admin • 833.24K Points
Coach

Q. What does a credit balance in the bank column of the cash book indicate?

  • (A) Cash at bank
  • (B) Bank overdraft
  • (C) Cash in hand
  • (D) Error
  • Correct Answer - Option(B)
  • Views: 22
  • Filed under category Accounting
  • Hashtags:

Explanation by: Admin

A credit balance in the bank column of a cash book indicates an overdraft.

You must be Logged in to update hint/solution

Discusssion

Login to discuss.

Be the first to start discuss.