The opening balance of the bank is shown in which side of the bank account?

Credit

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Debit

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Similar questions

Explain the reasons where the balance shown by the bank passbook does not agree with the balance as shown by the bank column of the cash book.

Give on Word/Term or phrase which can substitute each of the following statements.

1) Statement showing the causes of disagreement between the balance of Cash Book and Pass Book
2) The account on which overdraft facility is allowed by Bank.
3) Excess of total of debit side over total of credit side of Cash Book Bank column.
4) An unfavorable balance shown by the Pass Book
5) A copy of customer’s account issued by the Bank
6) Booklet or a Statement which is used to record the banking transactions.
7) Credit balance of Bank Column of the Cash Book
8) Refusal by Bank to make the payment of cheque

The opening balance of bank is shown in which side of the bank account?

Q. The opening balance on the debit side of the bank column in Cash Book indicates ___________.

Q. Bank overdraft is shown on the _______ side of trial balance.

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