Challenger App

No.1 PSC Learning App

1M+ Downloads
Credit balance in the cash book means

APositive balance

BNegative balance

CZero balance

DOverdraft balance

Answer:

B. Negative balance

Read Explanation:

.


Related Questions:

Gain is:
Errors which affect one side of an account are called?
The assets that can be converted into cash within a short period (i.e. 1 year or less) are known as -----.
The debit balance in the bank column of cash book indicates:
Under the accrual basis of accounting, rent for December 2019 paid in January 2020 will be recorded in: