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Home Questions E3QEZQZR7Y
Target Exam

CUET

Subject

Accountancy

Chapter

Bank Reconciliation Statement

Question:

Debt balance in the cash book is equal to:

Options:

Overdraft as per pass book

Overdraft as per cash book

Credit balance as per pass book

All of these

Correct Answer:

Credit balance as per pass book

Explanation:

The correct answer is option 3- Credit balance as per pass book.

Debit balance as per cash book means the amount lying deposited in the bank. Debit balance as per cashbook is equal to credit balance as per passbook.

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