Accounting · Bank Reconciliation Statement
A favorable bank balance implies which of the following?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A credit balance in the cash book and a debit balance in the passbook
- 2A debit balance in the cash book and a credit balance in the passbook✓
- 3A credit balance in the cash book and a credit balance in the passbook
- 4A debit balance in the cash book and a debit balance in the passbook
Correct answer
A debit balance in the cash book and a credit balance in the passbook
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