T-account

No. They could be overdrawn at the bank, in which case there would be a credit balance on the cash account.

What about the other accounts, can they also be with greater credit side like receivable, payable, inventory accounts etc. If we have a credit balance on inventory account i wonder what it means!?

Receivables could have a credit balance (although unusual) if, for example, a customer had over paid. Inventory will not have a credit balance.

1. In other words some accounts may have greater credit side but other may not have and they mean differently? 2. IF the receivable account has greater credit side then the balance b/f will be on the credit side. 3. For example Receivable b/f = $3000 Sales = $5,000 Cash received from customer = $12000 This way we have more to the credit side so the balance c/f of $4000 will be on the debit side and balance b/f to the credit side for next year. Is that correct?

I really do not understand why you are asking me these questions. Have you actually watched all of my lectures? However, what you have written is indeed correct.