Multiple Choice Questions on Unfavourable bank balance is ........ for UPSC EPFO Exam Preparation

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Multiple Choice Questions

Unfavourable bank balance is ........

General Accounting Principles Bank reconciliation statement
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Unfavourable bank balance is

Balance with bank

Incorrect Answer

Bank overdraft

Incorrect Answer

 Credit balance in the cash book

Incorrect Answer

Both 2) & 3)  

Correct Answer
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Explanation:

Unfavourable balance means bank overdraft or credit balance in cash book. Favourable balance means balance with banks or bank balance.

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