A credit balance in cash book indicates?

Related Mcqs:

An entry which is made on both sides of a cash book is called__________?

A. Cash entry B. Contra entry C. Payment entry D. Compound entry...

Cash book records:______________?

A. Cash payments B. Cash receipts C. Cash payments and cash receipts D. Neither cash payments nor cash receipts...

Cash book is prepared by____________?

A. Bank B. Accountant of business C. Manager of a company D. Bank’s cashier...

Petty cash fund is supposed to be replenished?

A. Every day B. Every half year C. Every year D. At the end of every accounting period...

Drawings by owner of business are generally recorded on which of the following side of a cash book?

A. Receipts B. Payments C. Incomes D. Expenditures...