Question

unfavourable bank balances means ??
a) debit balance in the cash book
b) debit balance in the pass book
c) both
d) NOT​

Answer 1

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. ... So, the bank shows debit balance in our pass book, which is a copy of customer's account in the books of bank.