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  • Theoretical Framework of Accounting (CA - CPT)
  • Debit balance as per passbook means
Multiple choice

Debit balance as per passbook means

  1. bank overdraft

  2. cash in hand

  3. cash balance at bank

  4. total sales

  5. None of the above

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Debit balance in passbook means cash is drawn more than balance available in bank. So, this option is correct.

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