Favourable bank balance means:

Debit balance in cash book

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Credit balance in pass book

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Both A & B

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None of these

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Solution

The correct option is C
Both A & B

Favourable bank balance means debit balance in cash book as well as credit balance in pass book.

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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.

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