Single Column Cash Book may show ______________.

only a debit balance

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

only a credit balance

No worries! We‘ve got your back. Try BYJU‘S free classes today!

either debit balance or a credit balance

No worries! We‘ve got your back. Try BYJU‘S free classes today!

neither debit nor credit balance.

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B only a debit balance
Its shows only debit balance as a business can spend more than it it have. Therefore, there cannot be a negetive cash.

Suggest Corrections

Similar questions

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.

In a trial balance, always the debit column should match with the credit column.

Join BYJU'S Learning Program