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 |
Post New Answer View All Answers
what amounts to appropriation of profits? When provision for taxation does not amount to appropriation of profits?
all of interview question about coop bank of oromia
Can I freeze my account?
WHAT IS B.E.P. CHART
How can i get GR form (GR No.) for Exports ? please give me a link of website with steps ?
What Settlement details are required on the delivery instruction slip?
If DEBT/EQUITY ratio 2:1, is to good or bad for a company? how...??? can u explain it...???
recently release the 6.0 version not succede in the market why?
wHAT ARE EVENTS
1. what is debenture? 2.Why company will issue shares? 3. What is audit? 4. What is the role of finance department? 5. What is mutual fund?
what is participation right is it a debt? or not?
what is the difference between Assets Allocation & Security selection?
Explain valuation methods of Normal and Abnormal loss
we are in contraction business, we purchase raw material and paid tax on related material, suppose we want to bill to our party in WCT?
My balance sheet is tallied. But there is a difference of RO 1 in cash flow. How to adjust ?