FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Concept explainers

Cash Book
So, before coming to the topic of cash books, I will let you briefly explain about the cash so that you all can be familiar with the word cash. Cash comes under the category of the current asset which is used as a medium of exchange for all the financial…
Question
How is the account Cash classified and what kind of balance should it have?
Group of answer choices
current asset, credit
fixed asset, debit
fixed asset, credit
current asset, debit
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