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Why is not credit balance as per passbook ?

Accountancy

In Bank reconciliation statement chapter .. in illustration 5 .. I got -20,758 as my answer , so it will become "credit balance as per pass Book" but icai answer is " debit balance as per pass Book"..I'm confused. Please clearly explain

Hari Krishna

CA Foundation

★ 1K+

27-Aug-20 16:43

316

Answers (1)

It is wrongly stated to be debit balance as per pass book in the material. It should be Rs.20,758 Credit balance as per pass book and Debit balance as per Cash book.