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Illustration 5 ,in the video ,sir says the closing bal.is debit but in book it s credit .which is correct ?? Plss state with reason
Answers (5)
ruchi lahoti
Credit balance is correct. Thanks for highlighting will get it rectified.
Credit balance in pass book means it's not be Overdraft. So if it is o/d then it should be debit balance only !?
Meda Jeevansai
Credit balance in pass book means it's not be Overdraft. So if it is o/d then it should be debit balance only !?
Credit Balance in pass book is a favourable balance. What is your query please elaborate
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