A debit balance in the bank statement indicates ........

Accountancy (Phase -I & II) Company Final Accounts

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A debit balance in the bank statement indicates

Cash at bank

Bank overdraft

Over payment to creditors

Cash in hand

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Explanation:

The overdraft allows the account holder to continue withdrawing money even when the account has no funds in it or has insufficient funds to cover the amount of the withdrawal. Basically, an overdraft means that the bank allows customers to borrow a set amount of money