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Question
When bank column of a cash book shows a credit balance, what does it mean?
When bank column of a cash book shows a credit balance, what does it mean?
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Solution
It means overdraft i.e., amount due to the bank or the excess amount withdrawn over the amount deposited in the bank.
It means overdraft i.e., amount due to the bank or the excess amount withdrawn over the amount deposited in the bank.
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