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  • Question
  • The credit balance in the bank account is


  • Options
  • A. amount liable to pay by bank
  • B. amount liable to pay by customer
  • C. Both A + B
  • D. None of the above

  • Correct Answer
  • amount liable to pay by bank 

    Explanation

    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.

     

    Hence, The credit balance in the bank account is the amiunt we have in our account and we are eligible to withdraw that.

  • Tags: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO

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