Question

what do you mean by debit balance as per cash passbook.

plz answer. ​

Answer 1

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.

Answer 2

Answer:

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