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What is shadow balance?
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Answer / nikhil badaya
Shadow Balance Means When the person is depositing any
cheque in bank for crediting than bank will credit his a/c
on 1st day. After 2nd day that amount after bank clearings
will actually credit. 1st day amount which has credit in
customer a/c that is called shadow balance.
| Is This Answer Correct ? | 38 Yes | 5 No |
Answer / venkat
Shadow balance in bank account in the balance is not yet have been verified/approved. It is unclear balance.
EX:-if I am having bank balance of Rs 20000 and i deposited cheque of Rs 5000. here the shadow balance will be the Rs5000 until cheqe is cleared
| Is This Answer Correct ? | 16 Yes | 3 No |
Answer / gautam basrur
Kishore what you mean by Shadow Balance in your answer is the Remaining balance of the total Credit balance in the account Less any Inward Debits.
Shadow balance or the float balance is the balance which is reflected in the account of a customer on the 2nd day of clearing.
1st day the Credit is received by the Clearing house, 2nd day it is shown as float balance or posted balance. And the 3rd day it gets regularized and can be withdrawn by the customer or can he can draw a new cheque.
| Is This Answer Correct ? | 11 Yes | 3 No |
Answer / 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 |
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