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 Audit interview questions  Audit Interview Questions
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 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
what is shadow balance?
 Question Submitted By :: Guest
I also faced this Question!!     Rank Answer Posted By  
 
  Re: what is shadow balance?
Answer
# 1
Shadow Balance in bank accounts is the balance up to which
the subsequent debits can be posted up to.

Shadow Balance= Book Balance-Debit(yet to be authorized for
posting).

Example:Book balance is 1000. There is a debit of 500. The
debit is posted in the system and is sent for
authorization. At this juncture the Account shows a Shadow
Balance of 500.
 
Is This Answer Correct ?    31 Yes 7 No
A.r. Kalpana
 

 
 
 
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