Bank reconciliation statement

Accountancy (Phase -I & II)

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In cash book, the favourable balance indicates

Credit Balance

Debit Balance

Bank Overdraft

Adjusted Balance

Explanation:

The debit balance as per the cash book means the balance of deposits held at the bank. Such a balance will be a credit balance as per the passbook. Such a balance exists when the deposits made by the firm are more than its withdrawals. It indicates the favourable balance as per cash book or favourable balance as per the passbook.

By: Abhipedia

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