Overdraft as per Cash Book means credit balance as per cash book. Cashbook debit means deposits. When cash book debit balance is greater it means Bank Balance as per Cash Book.
This statement is True.
Debit Column of a passbook means withdrawals from the bank, When withdrawals are more than deposits it means the excess amount is withdrawn from the bank. It...
(i) Normal bank balance as per cash book means debit balance as per cashback.
(ii) The Bank column in cashback represents the business’s current account.
(iii) The current account is opened by traders for day-to-day...
