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Why it is not credit balance as per pass Book ..?

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 16:50

430

Answers (1)

Yes sure, the answer is wrongly depicted in the study material It is credit balance or favourable balance as per pass book 20,758. If there is no error with regard to wrong credit of 20,000 it would show you credit balance of only Rs 758.