Question

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?

• A. Rs 27,600 on the credt side
• B. Rs 20,500 on the debit side
• C. Rs 7,100 on the debit side
• D. Rs 7,100 on the credit side

Answer 1

The correct option is D

Rs 7,100 on the credit side

Rs 7,100 will be written on the credit side.