Debit balance in cash book means __________.

Overdraft as per pass book

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Overdraft as per cash book

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Credit balance as per pass book

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Debit balance as per day book

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Solution

The correct option is C Credit balance as per pass book
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.

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