can cash credit have debit in balance in books?
Saurabh Toshniwal (ca final) (2358 Points)
27 January 2015can cash credit have debit in balance in books?
CA Pankaj Kr Agrawal
(@Helping Hand)
(2143 Points)
Replied 29 January 2015
Hi,
Yes it may be possible that cash credit having debit balance due to non utilization of cash credit limit or excess deposit in cash credit account instead of withdrawal from account.
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