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what is shadow balance?
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Answer Posted / a.r. kalpana
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 ? | 40 Yes | 7 No |
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