Accountancy, asked by tiwaripraveen2641981, 1 month ago

the balance on the debit side of bank coloumn of cash book indicates​

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Answered by SHREYA24241
0

Answer:

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. ... On the other hand, the credit balance as per the cash book indicates bank overdraft.

Explanation:

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