Accountancy, asked by ilovevirat6633, 9 months ago

Briefly explain the term ‘favourable balance as per cash book

Answers

Answered by shruti202068

0

Explanation:

Favourable balance (Debit Balance), as per the Cash Book, is an asset to an account holder. ... Favourable balance is the excess of total of debit side over total of credit side of a bank column of a Cash Book. In other words, favourable balance means excess of deposits over withdrawals.

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