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Bank balnce

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


Reetikaa  R

Reetikaa R

CA Foundation

4K+

15-Feb-21 20:07

21

Answers (11)

Best Answer

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 Foundation

11K+

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 Foundation

11K+

15-Feb-21 20:55

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 Foundation

11K+

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 Foundation

11K+

15-Feb-21 21:04

It's bank balance as per passbook

Sry it's bank balance as per cash book


Meda Jeevansai

Meda Jeevansai

CA Foundation

11K+

15-Feb-21 21:05

Sry it's bank balance as per cash book

How do u know that ? How to find


Reetikaa  R

Reetikaa R

CA Foundation

4K+

15-Feb-21 21:21

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


Reetikaa  R

Reetikaa R

CA Foundation

4K+

15-Feb-21 21:22

Understood ?


Meda Jeevansai

Meda Jeevansai

CA Foundation

11K+

15-Feb-21 21:25

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

Yeah ,thank u


Reetikaa  R

Reetikaa R

CA Foundation

4K+

15-Feb-21 21:25

Yeah ,thank u

No mention.


Meda Jeevansai

Meda Jeevansai

CA Foundation

11K+

15-Feb-21 21:25

Happy Mother's Day
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