Doubt

Accountancy

I am confused between BALANCE B/D AND BALANCE C/D please help. Even I am confused in Dr Bal and Cr bal of Cashbook and passbook

Prathmesh Kharul

US CMA All

★ 6K+

06-Nov-23 11:52

506

Answers (2)

Best Answer

Balance b.d means opening balance Balance c.d means closing balance

Krishnan K

CA Inter

★ 5K+

06-Nov-23 12:48

Dr. Balance in cash book - Its an asset - receivable from bank Cr. balance in cash book - liability - payable to pank Dr. Balance in passbook - Bank has to receive / we have to pay Cr. balance in passbook - Bank has to pay us / we need to receive. So whereever you see a debit balance - think of it as an asset and receivable. So if bank passbook has dr balance - Bank's Asset - Bank to receive.

CA Suraj Lakhotia

Admin

06-Nov-23 13:37

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