Cash book Quiz Question:
The Cash Account has Debits Totaling $1,000 and Credits totaling $900, what will be the cash account balance?
A) $100 Cr.
B) $100 Dr.
C) $1,000 Dr.
D) $1,000 Cr.
Cash book Quiz Answer:
The net difference of both debit & credit totals amount to $100 Dr. balance in the cash account ledger.
So the correct answer of this accounting quiz is B) $100 Dr.