Briefly explain the term ‘favourab | Class 11 Accountancy Chapter Bank Reconciliation Statement, Bank Reconciliation Statement NCERT Solutions

Question:

Briefly explain the term ‘favourable balance as per cash book’.

Answer:

The favourable balance as per cash book means when the deposits made by the firm are more than its withdrawals in its bank account. The debit balance as per the cash book means the balance of deposits held at the bank. Such a balance will be a credit balance as per the passbook. The credit balance as per pass book also indicates the favourable balance as per cash book.


Study Tips for Answering NCERT Questions:

NCERT questions are designed to test your understanding of the concepts and theories discussed in the chapter. Here are some tips to help you answer NCERT questions effectively:

  • Read the question carefully and focus on the core concept being asked.
  • Reference examples and data from the chapter when answering questions about Bank Reconciliation Statement.
  • Review previous year question papers to get an idea of how such questions may be framed in exams.
  • Practice answering questions within the time limit to improve your speed and accuracy.
  • Discuss your answers with your teachers or peers to get feedback and improve your understanding.

Comments

Comment(s) on this Question

Welcome to the NCERT Solutions for Class 11 Accountancy - Chapter . This page offers a step-by-step solution to the specific question from Excercise 1 , Question 5: Briefly explain the term ‘favourable balance as per cash book’.....