State whether the following statement is True or False.
Bank balance as per cash book means debit balance as per cash book.

True

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False

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Solution

The correct option is A True
True. Bank balance as per cash book means favourable or debit balance as per cash book. This is because, unless specified otherwise, bank balance represents positive balance in the cash book. Cash book is debited when cash comes in and credited when cash goes out. So, bank balance shows debit or positive balance.

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State whether the following Statements are True or False.

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State whether the following statement is True or False.Bank balance as per cash book means debit balance as per cash book.

State whether the following statement is True or False.
Bank balance as per cash book means debit balance as per cash book.