(i) Overdraft as per cash book means debit balance as per cash book.

Monjur Alahi

Correct and rewrite the following statements.

(i) Overdraft as per cash book means debit balance as per cash book.

(ii) Bank column in cash book represents proprietors saving A/c.

(iii) Fixed deposit A/c is opened by traders for day-to-day business bank transactions.

(iv) The bank account is a real account

(v) Interest charged by the bank on overdraft A/c is income for the business.


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Salim Ahmed Kawsar

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(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 business bank transactions.

(iv) A bank account is a personal account

(v) Interest charged by the bank on overdraft A/c is an expense for the business.

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