A credit balance of 200 on the cash columns of the cash book would mean (A) We

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A credit balance of £200 on the cash columns of the cash book would mean

(A) We have spent £200 more than we have received

(B) We have £200 cash in hand

(D) Someone has stolen £200 cash.

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Frank Woods Business Accounting Volume 1

ISBN: 9780273681496

10th Edition

Authors: Frank Wood, Alan Sangster

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Question Posted: Aug 20, 2023 01:10 AM

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A credit balance of 200 on the cash columns of the cash book would mean (A) We

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The correct answer is B We have 200 cash in hand Explanation In accounting a credit balance in the c...View the full answer

Frank Woods Business Accounting Volume 1

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