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Bank balnce

Accountancy

What does this mean ,bank balance ( cr) ?? Is it overdraft or balance?? State with reason


Reetikaa R

Reetikaa R

CA Inter

7K+

15-Feb-21 20:07

332

Answers (11)

Best Answer

Thread Starter

Reetikaa R

Yes I watched BRS .MY DOUBT IS HOW TO FIND IS IT AS PER CB OR PASS BOOK

Only bank balance balance as per cash book appears in your balance sheet.


Meda Jeevansai

Meda Jeevansai

CA Inter

20K+

15-Feb-21 21:23

It's not overdraft.It stands for CREDIT. A credit balance means you have a deposit into your account like your salary. At the end of the month if the magic acronym CR, appears at the end of your bank statement it means you are a CREDITOR of the bank, they owe you money. They keep YOUR money safe for you.


Meda Jeevansai

Meda Jeevansai

CA Inter

20K+

15-Feb-21 20:55

Thread Starter

Reetikaa R

Then why does debit balance shown on assets side? Look at that first item

It's bank balance as per passbook


Meda Jeevansai

Meda Jeevansai

CA Inter

20K+

15-Feb-21 21:03

Did you purchase CA foundation course at indigolearn? If purchase watch BRS. Satya Sir explained very clearly and logically


Meda Jeevansai

Meda Jeevansai

CA Inter

20K+

15-Feb-21 21:04

Meda Jeevansai

It's bank balance as per passbook

Sry it's bank balance as per cash book


Meda Jeevansai

Meda Jeevansai

CA Inter

20K+

15-Feb-21 21:05

Meda Jeevansai

Sry it's bank balance as per cash book

How do u know that ? How to find


Thread Starter

Reetikaa R

Reetikaa R

CA Inter

7K+

15-Feb-21 21:21

Meda Jeevansai

Did you purchase CA foundation course at indigolearn? If purchase watch BRS. Satya Sir explained very clearly and logically

Yes I watched BRS .MY DOUBT IS HOW TO FIND IS IT AS PER CB OR PASS BOOK


Thread Starter

Reetikaa R

Reetikaa R

CA Inter

7K+

15-Feb-21 21:22

Understood ?


Meda Jeevansai

Meda Jeevansai

CA Inter

20K+

15-Feb-21 21:25

Meda Jeevansai

Only bank balance balance as per cash book appears in your balance sheet.

Yeah ,thank u


Thread Starter

Reetikaa R

Reetikaa R

CA Inter

7K+

15-Feb-21 21:25

Thread Starter

Reetikaa R

Yeah ,thank u

No mention.


Meda Jeevansai

Meda Jeevansai

CA Inter

20K+

15-Feb-21 21:25

Offer