IndigoLearn

Why is not credit balance as per passbook ?

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

Hari Krishna

CA Foundation

1K+

27-Aug-20 16:43

11

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.


Madhuri Veluri

Madhuri Veluri

Moderator

28-Aug-20 12:35