Favorable bank balance means ........

General Accounting Principles Bank reconciliation statement

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Favorable bank balance means:

Credit balance of cash book

Debit balance of cash book

Debit balance of pass book

None of these

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Master Bank reconciliation statement

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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.