Bank reconciliation statement

Accountancy (Phase -I & II)

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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

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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