why cash book always shows debit balance?
Share
why cash book always shows debit balance?
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Answer:
Hence,Cash account will always show a debit balance because cash payments can never exceed cash receipts and cash in hand at the beginning of the period.