2. $250 debitOriginally posted by Fireindahouse:the back statement of a business shows an overdraft of $2000. There are uncredited cheques of $2800 and unpresented cheques of $550.what is the balance of the cash book??
1.$250credit
2.$250Debit
3.$4250credit
4.$4250debit
Answer: 2Originally posted by Fireindahouse:the back statement of a business shows an overdraft of $2000. There are uncredited cheques of $2800 and unpresented cheques of $550.what is the balance of the cash book??
1.$250credit
2.$250Debit
3.$4250credit
4.$4250debit

$250 Debit, means:Originally posted by ^tamago^:How come it's $250 Debit when it's +$250?

ok got it thanks.Originally posted by Darkness_hacker99:A figure in the Debit side of an account means there's a positive figure.
I added a word "asset" next to the account. There are many types of a/c and not all figures in debit side are positive.Originally posted by ^tamago^:ok got it thanks.