Accountancy, asked by ananddinesh403, 2 months ago

Unfavorable balance means?

Answers

Answered by pranjalbhr2008

Answer:

Unfavorable or negative balance means credit balance in cash book. This means that we have taken a loan from the bank i.e. we owe money to the bank. In such a case, the bank expects money from us and we become an asset for the bank. Assets have debit balance.

Explanation:

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