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  • Accounting & Finance for Bankers - 1 (JAIIB)
  • The bank balance shown in the balance sheet of an organiz...
Multiple choice

The bank balance shown in the balance sheet of an organization is

  1. balance as per passbook

  2. higher than the balance as per passbook

  3. corrected balance as per passbook

  4. corrected balance as per cash book

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

The bank balance which is shown in the balance sheet of an organisation is the balance after matching it with the cash book.

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