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Question
Debit balance in the bank column of the cash book means ______.
Options
Credit balance as per bank statement
Debit balance as per bank statement
Overdraft as per cash book
None of the above
Solution
Debit balance in the bank column of the cash book means credit balance as per bank statement.
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RELATED QUESTIONS
A bank reconciliation statement is prepared by ________.
A bank reconciliation statement is prepared with the help of ______.
A bank statement is a copy of ______.
What is meant by bank overdraft?
State any two causes of disagreement between the balance as per bank column of cash book and bank statement.
Substitute the following statement with one word/phrase.
A copy of customer’s account issued by the bank
Substitute the following statement with one word/phrase.
Debit balance as per bank statement
Substitute the following statement with one word/phrase.
Statement showing the causes of disagreement between the balance as per cash book and balance as per bank statement
