Bank column of the Cash Book has __________ balance.

Debit

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Credit

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Either (a) or (b)

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Neither (a) nor (b)

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Solution

The correct option is B Either (a) or (b)
The double column cash book (also known as two column cash book) has two money columns on both debit and credit sides – one to record cash transactions and one to record bank transactions.

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When bank column of a cash book shows a debit balance, what does it mean?

When bank column of a cash book shows a credit balance, what does it mean?

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