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it ithe credit facility for working capital requirement and the interst is payable on the usge.
it ithe credit facility for working capital requirement and the interst is payable on the usge.
In cash credit facility you can take out money of fixed amount even you have no cash in your account and you have to pay in within a time limit.
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What is entry of credit and cash purchases?
Debit Purchases Credit Cash
What is the journal entry for a cash sell?
Debit Cash Credit Sales
What do you mean by operating cash credit ac?
openinng cash credit its every time credit by account
When will the cash book have credit balance?
When company spend more cash then it actually has will cause credit balance of cash book.
Which business credit card offers cash back?
There are many different credit cards that offer cash back. Some of the credit cards that offer cash back are Simply Cash from American Express and Ink Cash from Chase.
Is the entry to establish a petty cash account a debit to petty cash and credit to cash?
yes. the entry should be: petty cash fund debit cash in bank credit
What is cash deposit credit adjustment?
When you have cash deposit credit adjustment how do you post it to ledger account
Is a Decrease in cash a credit?
In a double entry accounting system, you decrease the cash account with a credit.
What is the journal entry for partial cash and credit payments?
[Debit] Purchases [credit] Cash (partial) [credit] accounts payable (balance)
Why is cash a credit in accounting?
Cash is "not" a credit in accounting. The cash account is an asset and is a debit balance account. To increase the cash account you debit the account and to decrease it you credit it.Cash = Current Asset = Debit Balance(GAAP)
Does cash on hand have a debit or credit balance?
credit
When will the cash book have a credit balance?
When there is a large amount of expenses debited or no amount of cash received then it is obviously the cash book is credit balance.
