Answer Posted / kishore
Shadow Balance in bank accounts is the balance upto which
the subsequent debits can be posted upto.
Shadow Balance = Book Balance - Debit (yet to be authorised
for posting).
Example: Book balance is 1000. There is a debit of 500.
The debit is posted in the system and is sent for
authorisation. At this juncture the Account shows a Shadow
Balance of 500. I hope I am clear.
| Is This Answer Correct ? | 10 Yes | 12 No |
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