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4 votes
Cash transactions in the General

Ledger show $16,000 in debits
and $15,900 in credits. What is
the overall increase or decrease
in cash?
A. ($31,900)
B. $100
C. ($100)
D. $31,900

Cash transactions in the General Ledger show $16,000 in debits and $15,900 in credits-example-1

1 Answer

4 votes

The overall increase in cash is $100. This is because debits increase cash and credits decrease cash. In this case, there are more debits than credits, so the overall increase in cash is $100.

To calculate the overall increase or decrease in cash, we subtract the total credits from the total debits. In this case, we have $16,000 in debits and $15,900 in credits. This gives us a total of $100 in debits. Therefore, the overall increase in cash is $100.

The answer is B.

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