Joke Collection Website - Cold jokes - Can I have a credit balance in cash?
Can I have a credit balance in cash?
No, cash can only have debit balance or zero balance. Credit balance means that your cash expenditure has other sources of funds, but only cash expenditure is listed, not cash income.
In this case, the company usually uses the cash advanced by others, but only lists the expenses, does not record the income, and needs to supplement the cash receipt.
If someone advances money,
Borrow cash
Lend other payables-××
Only in this way can your cash account be considered complete and true.
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