PRC-1 · Chapter 9 · Question 53 of 100
An unfavorable (overdraft) balance on a bank statement is represented by a:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) Debit balance
Explanation
A debit balance on a bank statement indicates that the customer has overdrawn their account and owes money to the bank, which is an unfavorable overdraft.
More Bank Reconciliations MCQs
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