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Types of Trial Balance

When bank col...

Question

When bank column of a cash book shows a debit balance, what does it mean?

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Solution

It means balance lying with the bank or the deposits made by the firm are more than its withdrawals.

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Similar questions

When bank column of a cash book shows a credit balance, what does it mean?

Q. Cash column of a Cash-book may show a Debit or Credit Balance.

Cash column of the cash book will always have a debit balance. Why ?

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

Q. Bank column of cash book showed bank balance of

R s . 9950

. While reconciling the bank balance it was noticed that a cheque issued and paid by the bank

R s . 5100

was wrongly shown on the debit side of bank column as

R s . 510

, bank charges amounting to

R s . 210

, LIC payment of

R s . 1200

made by the bank as per standing instruction were not accounted in the cash book. Find the adjusted balance of cash as per cash book.

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