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what is credit balance of bank define briefly???
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Answer / vikas baheti
Bank credit balance meant that the banker is laible to
paid us. And if we have a credit balance accouding to bank
statement is mean we have " cash at bank" and in our book
we show in the assets side but bank show laiblities side.
| Is This Answer Correct ? | 101 Yes | 9 No |
Answer / kanika
cr. balance of bank a/c shows the amount available with
bank for that particuler customer or account which he or
she can withdraw anytime.
| Is This Answer Correct ? | 34 Yes | 4 No |
Answer / abid ali
credit balance of bank means deposited amount by the
customer
| Is This Answer Correct ? | 30 Yes | 15 No |
Answer / ankur
Credit Balance of Bank means Bank Overdraft and it comes on
balance sheet under liabilities or assets side but with
minus sign means ( ).
| Is This Answer Correct ? | 45 Yes | 32 No |
Answer / matt acct
well...a credit bank balance in accounting terminology
menas that the person in whose account this belongs to is
under an obligation to pay the bank back the entitlement of
such balance. This money has been owed to the account
holder by the bank and must be repaid. It is found under
the liabilities section of any Statement of Financial
Position.
| Is This Answer Correct ? | 12 Yes | 3 No |
Answer / razack
HELLO VENKEY if you don't know the answer then why you are
answering like this.
| Is This Answer Correct ? | 11 Yes | 3 No |
Answer / a.balajee rao
vredit balance of bank mean we have a cash balance in our
bank account
| Is This Answer Correct ? | 9 Yes | 2 No |
Answer / priyanka
Suppose that a customer has to pay a credit card bill of
5000 Rs. and he paid 5500. Remaining 500 becomes the Credit
balance.
| Is This Answer Correct ? | 8 Yes | 3 No |
Answer / aandal
We have an account in the bank and can encash it when ever
we want .
| Is This Answer Correct ? | 13 Yes | 10 No |
Answer / abid ali
as per bank credit means due to the customer
as per company credited balance from bank means deposited
cash
| Is This Answer Correct ? | 7 Yes | 4 No |
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Mr.Jadhike owns a fleet of taxis adn the following information are available from the records maintained b him: 1.Number of taxis 10 2.salary of manager 600pm 3.cost of each taxi 20000 4.salary of cleaner 500pm 5.salary of mechanic 400 pm 6.garage rent 600pm 7.insurance premium 5%pa 8.annual tax 600 per taxi 9.driver salary 200 pm per taxi annual repair 1000 per taxi total life of a taxi is about 200000 kms. a taxi runs in all 3000kms in a month of which 30% it runs empty. Petrol consumption in one litre for 10kms@1.80 per litre. Oil and other are rs 5 per 100 kms calculate the cost of running a taxi per km 5
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