Cash , bank & accounts receivables ledger in the books will generally have a ________ Balance.
Debit
Credit
It shall not be balanced
None of the above
Cash , bank & accounts receivables ledger in the books will generally have a Debit Balance.
A debit balance in bank column of cash book is always equal to the credit balance in the account of Mr. X in the books of bank.
Accounts payable or creditors ledgers will generally have a _____ balance.
The total on the debit side of the cash account of a company is Rs 27600, while the total on the credit side is Rs 20500. What shall be the balance of the cash account as at year end & on which side of the ledger account will it be written?