Single Choice

Credit balance shown by a bank column in cash book is ______.

ACash
BOverdraft
Correct Answer
CCash credit
DNone of the above

Solution

The debit balance as per the cash book means the balance of deposits held at the bank.
It indicates the favourable balance as per cash book or favourable balance as per the passbook. On the other hand, the credit balance as per the cash book indicates bank overdraft.


SIMILAR QUESTIONS

If $$R=\left\{\left(x,y\right):y=2x\right\}$$ is a relation in $$A=\left\{1,2,3,4,6,7,8\right\}$$ then write all the elements of $$R$$

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If $$A = $${1,4,6}, $$B = $${3,6}, then find $$(A \cap B)$$

Find the number of whole numbers in the solution set of following $$x - 5 <-2$$

Find the solution of the following: If $$5x + 4 > 8x - 11$$, then $$x

Say true or false. The A.M. between $$(a-b)^2$$ and $$(a+b)^2$$ is $$a^2+b^2 $$.

Given a line I and a point P on it. How many lines can be drawn passing through the point P?

If lines $$l_1\, \perp\, l_2$$ and the the slope of $$l_1$$ is $$\dfrac{1}{2}$$, then the the slope of $$l_2$$ is .......... .

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