Bank reconciliation statement mcqs bank reconciliation statement mcqs. The credit balance as per the cash book indicates bank overdraft. That is, there is a favourable balance of cash deposited at the bank. Favourable balance of cash book implies bank overdraft. Bank reconciliation statement debit and credit balance. Reasons for difference between bank balances as per cash book and pass book. When credit balance as per cash book is given, it is treated as overdraft. Unfavourable balance as per cash book class 11 accountancy bank reconciliation statement by anjali is an online education portal that provides interactive study material for. Favourable balance as per cash book means which of.
Debit balance as per cash book and credit balance as per pass book means favourable balance. What is meant by debit balance of cash book answers. Credit balance as per cash book and debit balance as per. From cash book to pass book elearning, etutoring, school. Brs when favourable balance as per pass book given,bank. How would you know if a bank balance is favorable or overdraft.
When cash book balance is given, it is treated as debit balance. Favorable balance of bank statement implies that pakmcqs. When debit balance favourable balance as per cash book is given and the balance as per passbook is to be ascertained. Favourable balance of cash book and passbook solutions. Unfavourable balance of cash book solutions this page contains the cbse accountancy class 11 chapter bank reconciliation statement notes.
A cash book is a financial journal that contains all cash receipts and payments, including bank deposits and withdrawals. From pass book to cash book elearning, etutoring, school. Cash account is a real account and also the asset of company and. Unfavourable balance of cash book solutions eduxir. The relationship between the customer and the banker is that of a creditor and a debtor. Duduzile buda if a bank account is favourable, it gos to debit side. How would you know if a bank balance is favorable or. You can find the questionsanswerssolutions for the chapter 5 of cbse class 11 accountancy in this page. Favorable balance is a balance where the credit side of a bank statement is greater than the debit side. An overdraft mantains a credit balance where as a favourable mantains a debit. Brs when favourable balance as per pass book given,bank reconciliation statement get topics notes, online test, video lectures, doubts and solutions for cbse class 11commerce on topperlearning. Preparing the bank reconciliation statement 2 methods. Favourable balance of cash book implies that a credit balance of cash book b debit balance of cash book c bank overdraft d adjusted balance.