CBSE Class 11-commerce Answered
What is debit balance and credit
balance as per cash book and bank pass book?
Asked by Topperlearning User | 15 Jul, 2016, 04:31: PM
Expert Answer
According to cash book, debit balance means amount lying deposited in a bank and credit balance means amount withdrawn from the bank.
According to bank pass book, debit balance means excess amount withdrawn from bank and thus payable to bank and credit balance means amount lying deposited in the bank.
Answered by | 15 Jul, 2016, 06:31: PM
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Asked by Topperlearning User | 15 Jul, 2016, 04:31: PM
ANSWERED BY EXPERTCBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 15 Jul, 2016, 04:31: PM
ANSWERED BY EXPERTCBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 15 Jul, 2016, 04:31: PM
ANSWERED BY EXPERTCBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 15 Jul, 2016, 04:31: PM
ANSWERED BY EXPERT