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Question

Debit balance as per cash book means _________.


A
Cash Balance
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B
Overdraft
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C
Excess of Expenditure
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D
None of these
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Solution

The correct option is A Cash Balance
When we say that cash book has a debit balance it means that the debit side of the cash book is more than the credit side. On the debit side we record cash receipts and on the debit side we record cash payments. So if there is a debit balance as per cash book then it means there is cash balance with us.

Accountancy

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