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When will the cash Book have a Credit Balance?
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Answer / arif ar
A point is to be noted here that cash book can never show the credit balance. Credit balance means that the payments are more than receipts. How it is possible? How a cashier can pay without having the cash? Balance of cash in cash book may be either in debit or nil.
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Answer / griffen
Considering that the cash book is a one column cash book meaning it only records cash transactions only thenit can never have a credit balance but if its a two column cash n bank then if an overdraft is offered at bank then definitely we gonna have a credit balance on the credit side.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / tapan roy
NEVER,If no cash in hand how I paid or credited.
| Is This Answer Correct ? | 1 Yes | 2 No |
Answer / y.n.muralidhar
NEVER, CASH BOOK NEVER GETS CREDIT BALANCE
| Is This Answer Correct ? | 24 Yes | 26 No |
Answer / nilesh
Expenses is more than income so cash balance in credited
but in book of account cash balance never show in credit
balance because cash in hand balance means year ended how
many cash in your hand
in present cash never paid more than withdrwan
| Is This Answer Correct ? | 3 Yes | 5 No |
Answer / rana
If cash is negative then it is indication that cash
expenditure double booked
| Is This Answer Correct ? | 5 Yes | 7 No |
Answer / moses
when Cash payment is made more than cash withdrawal from
the bank.
| Is This Answer Correct ? | 8 Yes | 18 No |
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