DiscussionsCategory: Business StudiesHow do you calculate an overdraft in a cash book?
Favour AsombaFavour Asomba asked 4 years ago

How do you calculate an overdraft in a cash book?

1 Answers
Melvyn ChukwuMelvyn Chukwu answered 4 years ago

If the balance is a credit balance (overdraft) then it is entered on the credit side in the  cashbook

Chiedozie MbaChiedozie Mba replied 2 years ago

If the balance is a credit balance (overdraft) then it is entered on the credit side in the cashbook

© [2022] Spidaworks Digital - All rights reserved.