A debit balance of 100 in a cash account shows that (A) There was 100 cash in
Question:
A debit balance of £100 in a cash account shows that
(A) There was £100 cash in hand
(B) Cash has been overspent by £100
(C) £100 was the total of cash paid out
(D) The total of cash received was less than £100.
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A debit balance of 100 in a cash account typically indicates option C 100 was the to...View the full answer
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Related Book For 
Frank Woods Business Accounting Volume 1
ISBN: 9780273681496
10th Edition
Authors: Frank Wood, Alan Sangster
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