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  • The debit balance of cash book is a/an
Multiple choice

The debit balance of cash book is a/an

  1. current asset

  2. current liability

  3. income

  4. none of these

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

 It is a current asset, since the debit balance is the closing balance of cash account. It is shown in assets side of Balance Sheet.

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