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Accounting · EPFO APFC · Question 30 of 60

Accounting: Credit balance in Bank Account indicates

Step-by-step solution. Accounting for EPFO APFC.

Topic
Accounting
Subject
General Studies
Difficulty
Medium
Solve Time
45-60 sec

Solved EPFO APFC Question

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Q · AccountingMedium · 45s

Credit balance in Bank Account indicates:

TopicAccounting
Question Typemultiple choice
DifficultyMedium
Marking+1 / −0.25
Test Duration30 min

Step-by-Step Solution

The complete worked solution.

Every step explained - no skipped algebra.

If bank column in cash book shows credit balance → overdraft facility used.

Final Answer: Option (A) Bank overdraft
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Credit balance in Bank Account indicates - Accounting (General Studies) Solved Question