A debit balance in the depositors Cash Book will be shown as _________.

a debit balance on the Bank Statement

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a credit balance on the Bank Statement

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an overdrawn balance on the Bank Statement

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none of the above

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Solution

The correct option is B a credit balance on the Bank Statement
Balance as per cash book is opposite of passbook. Therefore, A debit balance in the depositors Cash Book will be shown as a credit balance on the Bank Statement.

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Similar questions

A debit balance in bank column of cash book is always equal to the credit balance in the account of Mr. X in the books of bank.

Q. The debit balance of the bank account as per the cash book should be equal to the credit balance of the account of the business in the books of the bank.

State whether the following Statements are True or False.

1) Bank Reconciliation Statement is prepared by Bank.
2) Bank Reconciliation Statement is prepared at the end of stipulated period.
3) Overdraft facility is allowed to proprietors personal account
4) Debit balance of Pass Book represents overdraft
5) Credit balance of Bank column of Cash Book represents the balance as per Cash book.
6) Bank charges debited by Bank increases bank balance in the Pass Book.
7) Interest credited in Pass Book is an income to the Customer.
8) Bank Reconciliation Statement is prepared to detect the errors the takes place in accounting

Q. Credit balance shown by a bank column in cash book is ______.

The following particulars relate to the business of Varun on 31st March 2016

$\begin{matrix} Amt (Rs.) (i) & Cheques issued but not presented for payment & 34, 500 (i i) & Cheques paid into the bank but not yet collected & 7, 500 (i i i) & Interest credited by the bank but not entered in the cash book & 1, 650 (i v) & Bank charges debited in the pass book but not entered in the cash book & 105 (v) & Credit balance as shown by the pass book & 1, 06, 590 (v i) & Debit balance as shown by the cash book & 78, 045 \end{matrix}$

Prepare (a) Statement reconciling the bank balance as per cash book with that shown by the bank as on 31st March, 2016. (b) Statement reconciling the bank balance as per pass book with dept shown by the cash book as on 31st March, 2016.

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A debit balance in the depositors Cash Book will be shown as _________.

The correct option is B a credit balance on the Bank StatementBalance as per cash book is opposite of passbook. Therefore, A debit balance in the depositors Cash Book will be shown as a credit balance on the Bank Statement.

The correct option is B a credit balance on the Bank Statement
Balance as per cash book is opposite of passbook. Therefore, A debit balance in the depositors Cash Book will be shown as a credit balance on the Bank Statement.