Question 5 of 50beginner🧠 RememberFill in the Blanks1 mark
Favourable balance as per the cash book means ………balance in the bank column of the cash book.
Correct Answer
Debit
Exercise: Test Your Understanding - I | Q: II(iv) | (Page 6)
For More Understanding
Explanation
The provided text explicitly states in section 5.2.1 that 'The debit balance as per the cash book means the balance of deposits held at the bank.' It further clarifies that 'Such a balance... indicates the favourable balance as per cash book'. Additionally, the list of situations mentions 'When debit balance (favourable balance) as per cash book is given'.