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Examveda

A debit balance in the bank statement indicates

A. Cash at bank

B. Bank overdraft

C. Over payment to creditors

D. Cash in hand

Answer: Option B

Solution(By Examveda Team)

A debit balance in the bank statement indicates Bank overdraft. Overdrafts are where the bank account becomes negative and the businesses in effect have borrowed from the bank.

This Question Belongs to Commerce >> Accounting

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Comments ( 1 )

  1. ASHOK KUMAR
    ASHOK KUMAR :
    5 years ago

    taking loans after being the customer to bank?

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