What do you understand by the following? (a) Debit balance as per cash

1.	What do you understand by the following? (a) Debit balance as per cash book. (b) Credit balance as per cash book.
Answer» (a) Debit balance as per cash book: Cash balance as per companies books of a/c’s called debit balance. (b) Credit balance as per cash book: The overdrawn balance of cash in companies books a/c called credit balance.

What do you understand by the following? (a) Debit balance as per cash book. (b) Credit balance as per cash book.

Answer»

(a) Debit balance as per cash book: Cash balance as per companies books of a/c’s called debit balance.

(b) Credit balance as per cash book: The overdrawn balance of cash in companies books a/c called credit balance.