Download App

Bank Reconciliation Statement — Book Keeping & Accountancy STD 11 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 11 Commerce / ArtsBook Keeping & AccountancyBank Reconciliation Statement1 Mark
Question
What does the debit balance in Pass Book represent?
✓

Answer

The debit balance of Passbook represents Overdraft as per passbook.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "Answer in One Sentence" from Bank Reconciliation Statement→Bank Reconciliation Statement — all question types→Book Keeping & Accountancy STD 11 Commerce / Arts question papers→Maharashtra Board STD 11 Commerce / Arts question papers→Maharashtra Board question paper generator→

Similar questions

What are opening entries?
→
Why Balance Sheet is prepared?
→
Find the odd one: Cash in Hand, Debtors, Outstanding Income, Reserve for Doubtful Debts.
→
What is Net Profit?
→
On which side of the passbook, the direct deposit made by a customer is recorded?
→
Why depreciation is charged?
→
State whether drawings increase or decrease owner’s equity.
→
What do you mean by analytical petty cash book?
→
What is a Cash Book?
→
What is an Account?
→