A credit balance in cash book indicates
A. Bank balance
B. Cash at bank
C. Bank overdraft
D. Bank underdraft
Answer: Option C
Solution(By Examveda Team)
A credit balance in cash book indicates Bank overdraft. Overdrafts are where the bank account becomes negative and the businesses in effect have borrowed from the bank. This is shown in the cash book as a credit balance.This Question Belongs to Commerce >> Accounting
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