aliensbrain
  • Home
  • Study
  • Quizzes
  • 🎤AI Practicefree
  • Notebooks
  • Community
  • Sign in
  • Theoretical Framework of Accounting (CA - CPT)
  • Credit balance in bank passbook means
Multiple choice

Credit balance in bank passbook means

  1. bank overdraft

  2. favourable balance

  3. total of bank book

  4. balance at cash book

  5. total of cash book

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

Credit side means cash is available in bank account which is considered as favourable balance.

Keep practicing — related questions

  • Credit balance in the cash book means
  • Debit balance as per passbook means
  • Credit balance as per cash book means
  • For delayed credit in customer's bank account, bank is not liable, if the delay is due to
  • X deposited Rs. 20000 in his savings bank account for payment of a cheque to be presented after 20 days. Th...
  • Banking means acceptance of deposits for the purpose of lending and investments under which of the followin...
  • A customer deposits some money in his deposit account with the bank but forgets to provide complete particu...
  • In the context of capital of a bank, (a) the authorized capital means the maximum limit of share capital wh...
Play the full quiz 🎤 Practise this topic out loud

Practice this topic

  • Banking and Cash Transactions (990 questions)
Advertisement
© Aliensbrain | all rights reserved
  • About
  • Contact
  • Terms and Condition
  • Privacy Policy