Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 6 - No. 9)
What does it mean, if the total debits exceed total credits in the cash book?
The business has lost cash in hand on its premises.
The business has no cash in hand.
The business has some cash in hand on its premises.
The business owes money.
Explanation
Total debits exceed total credits - the business has some cash in hand.
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