Question

Credit balance shown by a Bank column in Cash Book is ______________________, whereas Debit balance shown by Cash column in Cash Book shows___________________________.​

Answer 1

Answer:

credit balance that was credited to your bank

debit balance that was taken by you from bank ,,(ATM)

Answer 2

Answer:

It indicates the favourable balance as per cash book or favourable balance as per the passbook. On the other hand, the credit balance as per the cash book indicates bank overdraft.