When bank column of cash book shows a debit balance it means ........

General Accounting Principles Bank reconciliation statement

Download Solution PDF

When bank column of cash book shows a debit balance, it means:

Overdraft Balance

Bank Balance

Favorable Balance

Unfavorable Balance

छोटे Courses बड़े Results

Master Bank reconciliation statement

Prepare through Micro-courses

Try Now

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.