CBSE Class 11-commerce Answered
Can bank column
of a cash book show credit balance?
Asked by Topperlearning User | 08 Jul, 2016, 09:51: AM
Expert Answer
Yes, bank column of cash book can have credit balance which indicates bank overdraft. Bank overdraft is a negative bank balance which refers to excess money as compared to the amount deposited, has been withdrawn from the bank account.
Answered by | 08 Jul, 2016, 11:51: AM
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